Scotiabank Maintains Sector Outperform on Kyndryl Hldgs, Raises Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Divya Goyal maintains a Sector Outperform rating on Kyndryl Holdings (KD) and raises the price target from $28 to $30.
May 13, 2024 | 3:22 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Scotiabank's updated rating and increased price target for Kyndryl Holdings indicates a positive outlook on the company's performance.
Analyst ratings and price target adjustments are significant indicators for investors, often leading to short-term price movements. The increase from $28 to $30 by a reputable analyst suggests a strong conviction in Kyndryl's future performance, potentially influencing investor sentiment and stock price positively in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100