Truist Securities Maintains Buy on Beyond Air, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Gregory Fraser maintains a Buy rating on Beyond Air (NASDAQ:XAIR) but lowers the price target from $10 to $8.

April 30, 2024 | 5:06 pm
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Beyond Air's Buy rating is maintained by Truist Securities, though the price target is reduced from $10 to $8.
The maintenance of a Buy rating suggests a positive outlook on Beyond Air by Truist Securities, indicating confidence in the company's fundamentals or growth prospects. However, the reduction in the price target could reflect adjustments in valuation models, possibly due to revised earnings expectations or perceived risks. This mixed signal might lead to short-term uncertainty among investors, balancing the potential for both positive and negative reactions in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100