B of A Securities Initiates Coverage On Centuri Holdings with Neutral Rating, Announces Price Target of $26
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has initiated coverage on Centuri Holdings (NYSE:CTRI) with a Neutral rating and set a price target of $26.

May 13, 2024 | 10:35 am
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NEUTRAL IMPACT
B of A Securities initiated coverage on Centuri Holdings with a Neutral rating and a price target of $26, indicating a balanced view on the stock's future performance.
The initiation of coverage by a major financial institution like B of A Securities generally brings a stock into focus for investors, potentially increasing trading volume. A Neutral rating suggests that B of A Securities believes Centuri Holdings is fairly valued at its current price, implying that the stock might not see significant price movement in the short term unless new, impactful developments occur. The price target of $26 provides a reference point for investors, indicating the firm's expectation of the stock's value.
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