Susquehanna Maintains Neutral on Wolfspeed, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Christopher Rolland maintains a Neutral rating on Wolfspeed (WOLF) and lowers the price target from $35 to $25.
April 23, 2024 | 11:19 am
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Susquehanna maintains a Neutral rating on Wolfspeed and lowers the price target from $35 to $25.
The reduction in price target by Susquehanna reflects a negative outlook on Wolfspeed's stock price in the short term. A lower price target often leads to a decrease in investor confidence and can result in a downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100