B of A Securities Maintains Underperform on Wolfspeed, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained an 'Underperform' rating on Wolfspeed and lowered its price target from $25 to $15, indicating a negative outlook.
August 23, 2024 | 12:58 pm
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NEGATIVE IMPACT
B of A Securities has maintained an 'Underperform' rating on Wolfspeed and reduced its price target from $25 to $15, suggesting a negative outlook for the stock.
The 'Underperform' rating and lowered price target from $25 to $15 by B of A Securities suggest a negative sentiment towards Wolfspeed's stock. This could lead to a decrease in investor confidence and a potential decline in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100