Stifel Maintains Hold on Avnet, Raises Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Matthew Sheerin maintains a Hold rating on Avnet (NASDAQ:AVT) and raises the price target from $50 to $55.
August 09, 2024 | 12:27 pm
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Stifel analyst Matthew Sheerin maintains a Hold rating on Avnet and raises the price target from $50 to $55.
The raised price target from $50 to $55 indicates a positive outlook from the analyst, which could lead to a short-term increase in AVT's stock price. However, the Hold rating suggests a cautious approach, limiting the potential upside.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100