Truist Securities Maintains Hold on Nevro, Lowers Price Target to $5.5
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Richard Newitter maintains a Hold rating on Nevro (NYSE:NVRO) and lowers the price target from $10 to $5.5.
August 08, 2024 | 12:47 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Truist Securities has maintained a Hold rating on Nevro and significantly lowered the price target from $10 to $5.5, indicating a bearish outlook.
The significant reduction in the price target from $10 to $5.5 by Truist Securities suggests a bearish outlook on Nevro's stock. This could lead to a negative short-term impact on the stock price as investors react to the lowered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100