UBS Maintains Sell on Pure Storage, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
UBS analyst David Vogt maintains a Sell rating on Pure Storage (NYSE:PSTG) and lowers the price target from $47 to $45.
August 29, 2024 | 12:45 pm
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UBS analyst David Vogt has maintained a Sell rating on Pure Storage and reduced the price target from $47 to $45, indicating a bearish outlook.
The maintenance of a Sell rating and the reduction of the price target by UBS suggests a negative outlook on Pure Storage's stock performance. This could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100