Evercore ISI Group Maintains In-Line on Cerence, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Chris McNally maintains an In-Line rating on Cerence (NASDAQ:CRNC) but lowers the price target from $8 to $5.
July 15, 2024 | 2:38 pm
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Evercore ISI Group has maintained an In-Line rating on Cerence but has lowered the price target from $8 to $5, indicating a less optimistic outlook.
The lowered price target from $8 to $5 by Evercore ISI Group suggests a less optimistic outlook for Cerence, which could negatively impact investor sentiment and the stock price in the short term.
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