Deutsche Bank Maintains Hold on Wolfspeed, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Robert Sanders has maintained a Hold rating on Wolfspeed (NYSE:WOLF) and reduced the price target from $30 to $25.
May 07, 2024 | 4:16 pm
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Deutsche Bank maintains a Hold rating on Wolfspeed and lowers the price target from $30 to $25.
The reduction in price target by Deutsche Bank suggests a bearish outlook on Wolfspeed's short-term price potential, likely due to perceived challenges or slower growth than previously expected. This could lead to negative sentiment among investors, potentially impacting the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100