Truist Securities Downgrades Instructure Hldgs to Hold, Lowers Price Target to $23.6
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has downgraded Instructure Holdings (NYSE: INST) from Buy to Hold and lowered the price target from $35 to $23.6.

July 29, 2024 | 10:17 am
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NEGATIVE IMPACT
Truist Securities has downgraded Instructure Holdings from Buy to Hold and lowered the price target from $35 to $23.6. This downgrade and significant reduction in price target could negatively impact the stock price in the short term.
The downgrade from Buy to Hold and the substantial reduction in the price target from $35 to $23.6 by Truist Securities is likely to be perceived negatively by investors. This could lead to a decrease in the stock price in the short term as market sentiment adjusts to the new rating and target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100