Truist Securities Maintains Hold on Cracker Barrel Old, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jake Bartlett has maintained a Hold rating on Cracker Barrel Old (NASDAQ:CBRL) but lowered the price target from $68 to $60.
May 13, 2024 | 12:23 pm
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Truist Securities has maintained its Hold rating on Cracker Barrel Old but reduced the price target from $68 to $60, indicating a cautious outlook on the stock's short-term price movement.
The reduction in price target by Truist Securities reflects a more conservative view on Cracker Barrel's near-term financial performance and stock price potential. This adjustment is likely to influence investor sentiment negatively in the short term, potentially leading to a decrease in stock price as market participants adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100