Canaccord Genuity Maintains Hold on Surf Air Mobility, Adjusts Price Target To $2.2 (Reverse Stock Split 1:7)
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Canaccord Genuity has maintained a Hold rating on Surf Air Mobility (NYSE:SRFM) and adjusted its price target to $2.2 following a reverse stock split of 1:7.
August 27, 2024 | 1:20 pm
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Canaccord Genuity has maintained a Hold rating on Surf Air Mobility and adjusted its price target to $2.2 following a reverse stock split of 1:7.
The Hold rating suggests a neutral outlook, while the adjusted price target reflects the reverse stock split. The split may stabilize the stock price, but the Hold rating indicates no immediate positive or negative movement is expected.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100