UBS Downgrades Pure Storage to Sell, Raises Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
UBS analyst David Vogt has downgraded Pure Storage (NYSE:PSTG) from Neutral to Sell, while raising the price target from $44 to $47.
July 02, 2024 | 1:50 pm
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UBS analyst David Vogt downgraded Pure Storage from Neutral to Sell, while raising the price target from $44 to $47. This mixed signal could create short-term volatility in the stock price.
The downgrade to Sell suggests a negative outlook on the stock, which is likely to put downward pressure on the price. However, the raised price target to $47 indicates some underlying value, creating mixed signals that could lead to short-term volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100