B of A Securities Maintains Neutral on Kingsoft Cloud Hldgs, Lowers Price Target to $3.2
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained a Neutral rating on Kingsoft Cloud Holdings (NASDAQ:KC) while lowering the price target from $3.8 to $3.2.
August 21, 2024 | 3:16 pm
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B of A Securities has maintained a Neutral rating on Kingsoft Cloud Holdings and lowered the price target from $3.8 to $3.2, indicating a cautious outlook.
The lowering of the price target from $3.8 to $3.2 by B of A Securities suggests a less optimistic view on Kingsoft Cloud's future performance, which could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100