Truist Securities Downgrades PetIQ to Hold, Raises Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has downgraded PetIQ (NASDAQ:PETQ) from Buy to Hold while raising the price target from $30 to $31.
August 08, 2024 | 10:52 am
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NEUTRAL IMPACT
Truist Securities downgraded PetIQ from Buy to Hold, but raised the price target from $30 to $31.
The downgrade from Buy to Hold suggests a neutral stance on the stock, which could lead to a short-term stabilization or slight decline in the stock price. However, the raised price target indicates some underlying confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100