Piper Sandler Maintains Overweight on Inter Parfums, Lowers Price Target to $172
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Korinne Wolfmeyer maintains an Overweight rating on Inter Parfums (NASDAQ:IPAR) but lowers the price target from $176 to $172.

April 25, 2024 | 1:00 pm
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NEUTRAL IMPACT
Piper Sandler maintains an Overweight rating on Inter Parfums, indicating a positive outlook, but lowers the price target from $176 to $172.
The maintenance of an Overweight rating suggests a positive view on the stock's future performance. However, the reduction in the price target could reflect a slight adjustment in expectations, possibly due to market conditions or company-specific factors. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the positive rating against the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100