Keefe, Bruyette & Woods Maintains Market Perform on Blue Foundry, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Christopher O'Connell maintains a Market Perform rating on Blue Foundry (NASDAQ:BLFY) and lowers the price target from $9 to $8.
April 25, 2024 | 1:14 pm
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NEGATIVE IMPACT
Keefe, Bruyette & Woods maintains a Market Perform rating on Blue Foundry and lowers the price target from $9 to $8.
The lowering of the price target by Keefe, Bruyette & Woods reflects a negative adjustment in the valuation of Blue Foundry, which could lead to a short-term negative impact on the stock price. The maintenance of a Market Perform rating indicates a neutral long-term outlook, but the reduction in the price target suggests that the analysts see less upside potential than before.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100