Jefferies Maintains Buy on Grab Hldgs, Lowers Price Target to $4.7
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Thomas Chong maintains a Buy rating on Grab Holdings (NASDAQ:GRAB) but lowers the price target from $5 to $4.7.
July 17, 2024 | 7:42 pm
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NEUTRAL IMPACT
Jefferies analyst Thomas Chong maintains a Buy rating on Grab Holdings but lowers the price target from $5 to $4.7.
The maintained Buy rating suggests continued confidence in Grab Holdings' long-term prospects. However, the lowered price target indicates some short-term concerns or adjustments in valuation, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100