Truist Securities Maintains Buy on Albany Intl, Lowers Price Target to $104
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Ciarmoli has maintained a Buy rating on Albany Intl (AIN) but lowered the price target from $121 to $104.

May 01, 2024 | 12:33 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on Albany Intl, with a reduced price target from $121 to $104.
The adjustment in price target by Truist Securities reflects a recalibration of expectations for Albany Intl's future performance, potentially due to market conditions or company-specific factors. However, maintaining a Buy rating indicates a positive outlook on the company's fundamentals. This mixed signal could lead to short-term market uncertainty for AIN, with the lowered price target suggesting a tempered but still optimistic view of its growth prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100