Truist Securities Maintains Hold on Cracker Barrel Old, Lowers Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Hold rating on Cracker Barrel Old (NASDAQ:CBRL) but lowered its price target from $46 to $42.

September 05, 2024 | 2:02 pm
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Truist Securities has maintained a Hold rating on Cracker Barrel Old (NASDAQ:CBRL) and reduced its price target from $46 to $42, indicating a less optimistic outlook.
The lowering of the price target by Truist Securities suggests a less favorable view on Cracker Barrel's future performance, which could lead to a negative short-term impact on the stock price. The Hold rating indicates no strong buy or sell recommendation, but the reduced target price reflects potential challenges or lower expectations.
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