TD Cowen Downgrades Wolfspeed to Hold, Announces $25 Price Target
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Matthew Ramsay downgraded Wolfspeed (NYSE:WOLF) from Buy to Hold and set a $25 price target.
May 02, 2024 | 10:08 am
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Wolfspeed was downgraded from Buy to Hold by TD Cowen analyst Matthew Ramsay, with a new price target of $25.
Analyst downgrades typically lead to a negative short-term impact on the stock price as they suggest a less optimistic outlook on the company's future performance. The setting of a specific price target provides a benchmark that can influence investor expectations and market sentiment towards the stock.
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