Barclays Downgrades Pure Storage to Equal-Weight, Maintains Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tim Long has downgraded Pure Storage (NYSE:PSTG) from Overweight to Equal-Weight while maintaining the price target at $51.
May 21, 2024 | 12:59 pm
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Barclays analyst Tim Long downgraded Pure Storage from Overweight to Equal-Weight, maintaining the price target at $51. This downgrade may indicate a less optimistic outlook for the stock in the short term.
The downgrade from Overweight to Equal-Weight by Barclays suggests that the analyst sees less potential for outperformance in the near term. Maintaining the price target at $51 indicates that the stock is expected to remain stable but not outperform the market.
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