Canaccord Genuity Maintains Buy on Wolfspeed, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity maintains a Buy rating on Wolfspeed (NYSE:WOLF) but lowers the price target from $47 to $45.
June 25, 2024 | 3:02 pm
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NEUTRAL IMPACT
Canaccord Genuity maintains a Buy rating on Wolfspeed but lowers the price target from $47 to $45.
The Buy rating suggests continued confidence in Wolfspeed's long-term prospects, but the lowered price target indicates some caution about short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100