TD Cowen Maintains Buy on Pure Storage, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Krish Sankar maintains a Buy rating on Pure Storage (NYSE:PSTG) but lowers the price target from $80 to $70.
August 29, 2024 | 4:19 pm
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TD Cowen analyst Krish Sankar maintains a Buy rating on Pure Storage but lowers the price target from $80 to $70, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in Pure Storage's prospects, but the lowered price target indicates a more cautious outlook, possibly due to market conditions or company performance. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100