Baird Maintains Neutral on Cerence, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Luke Junk maintains a Neutral rating on Cerence (NASDAQ:CRNC) and lowers the price target from $15 to $8.
May 10, 2024 | 11:28 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Baird analyst Luke Junk has maintained a Neutral rating on Cerence but reduced the price target from $15 to $8, indicating a bearish outlook on the stock's short-term price movement.
The reduction in price target by a significant margin suggests that the analyst sees limited upside potential or increased risk factors for Cerence. This adjustment is likely to influence investor sentiment negatively, leading to potential short-term price declines.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100