TD Cowen Maintains Hold on Wolfspeed, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Matthew Ramsay maintains a Hold rating on Wolfspeed (NYSE:WOLF) and lowers the price target from $25 to $15.
August 22, 2024 | 2:15 pm
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TD Cowen analyst Matthew Ramsay has maintained a Hold rating on Wolfspeed and reduced the price target from $25 to $15, indicating a more cautious outlook.
The reduction in price target from $25 to $15 by TD Cowen suggests a negative outlook on Wolfspeed's short-term performance. Maintaining a Hold rating indicates that the analyst does not see immediate upside potential, which could lead to downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100