Canaccord Genuity Maintains Buy on Vertical Aerospace, Lowers Price Target to $1.5
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity maintains a Buy rating on Vertical Aerospace (NYSE:EVTL) but lowers the price target from $1.75 to $1.5.
August 16, 2024 | 11:48 am
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NEUTRAL IMPACT
Canaccord Genuity maintains a Buy rating on Vertical Aerospace but lowers the price target from $1.75 to $1.5.
The Buy rating suggests continued confidence in the company's prospects, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100