Goldman Sachs Maintains Neutral on Ducommun, Raises Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Noah Poponak maintains a Neutral rating on Ducommun (NYSE:DCO) and raises the price target from $57 to $64.
May 13, 2024 | 3:48 pm
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Goldman Sachs has maintained a Neutral rating on Ducommun but increased the price target from $57 to $64, indicating a positive outlook on the stock's value.
The increase in price target by a reputable analyst like Goldman Sachs suggests a positive reassessment of Ducommun's stock value, potentially leading to increased investor interest and a short-term positive impact on the stock price. The Neutral rating indicates that while the stock might not outperform the market, the increased price target suggests an upward revision in the expected stock value.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100