Deutsche Bank Reinstates Hold on Luminar Technologies, Announces $1 Price Target
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Edison Yu has reinstated a Hold rating on Luminar Technologies (NASDAQ:LAZR) and set a price target of $1.
September 10, 2024 | 12:09 pm
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Deutsche Bank analyst Edison Yu has reinstated a Hold rating on Luminar Technologies with a $1 price target, indicating a cautious outlook.
The reinstatement of a Hold rating with a low price target of $1 by Deutsche Bank suggests a negative short-term outlook for Luminar Technologies. This could lead to a decrease in investor confidence and potential selling pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100