Needham Maintains Buy on Alight, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Kyle Peterson maintains a Buy rating on Alight (NYSE:ALIT) but lowers the price target from $13 to $11.

May 09, 2024 | 9:44 am
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NEUTRAL IMPACT
Needham maintains a Buy rating on Alight but lowers the price target from $13 to $11.
The adjustment in price target by Needham reflects a revised valuation outlook for Alight, while the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the reaffirmed positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100