Truist Securities Downgrades Karat Packaging to Hold, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has downgraded Karat Packaging (NASDAQ:KRT) from Buy to Hold and lowered the price target from $34 to $28.
August 09, 2024 | 9:48 am
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NEGATIVE IMPACT
Truist Securities downgraded Karat Packaging from Buy to Hold and reduced the price target from $34 to $28.
The downgrade from Buy to Hold and the reduction in the price target from $34 to $28 by Truist Securities is likely to negatively impact investor sentiment and the short-term stock price of Karat Packaging.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100