Truist Securities Maintains Buy on Penumbra, Lowers Price Target to $230
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Richard Newitter maintains a Buy rating on Penumbra (NYSE:PEN) but lowers the price target from $280 to $230.

July 16, 2024 | 1:57 pm
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Truist Securities analyst Richard Newitter maintains a Buy rating on Penumbra but lowers the price target from $280 to $230.
The Buy rating suggests continued confidence in Penumbra's long-term prospects, but the lowered price target indicates a more cautious short-term outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100