Truist Securities Maintains Buy on Fox Factory Hldg, Raises Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Swartz maintains a Buy rating on Fox Factory Holding (NASDAQ:FOXF) and raises the price target from $50 to $55.
June 13, 2024 | 1:12 pm
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POSITIVE IMPACT
Truist Securities has reaffirmed its Buy rating on Fox Factory Holding and increased the price target from $50 to $55, indicating confidence in the company's future performance.
The reaffirmation of the Buy rating and the increase in the price target suggest that the analyst sees positive future performance for Fox Factory Holding. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100