TD Cowen Maintains Hold on Lumen Technologies, Raises Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Gregory Williams maintains a Hold rating on Lumen Technologies (NYSE:LUMN) and raises the price target from $2.5 to $7.
August 07, 2024 | 9:22 pm
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TD Cowen analyst Gregory Williams maintains a Hold rating on Lumen Technologies and raises the price target from $2.5 to $7.
The increase in the price target from $2.5 to $7 is a significant upward revision, which could positively influence investor sentiment and potentially lead to a short-term increase in the stock price. However, the Hold rating suggests that the analyst does not see immediate strong upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100