Lake Street Maintains Buy on ModivCare, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Lake Street analyst Brooks O'Neil maintains a Buy rating on ModivCare (NASDAQ:MODV) but lowers the price target from $50 to $30.
September 17, 2024 | 1:00 pm
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Lake Street analyst Brooks O'Neil maintains a Buy rating on ModivCare but lowers the price target from $50 to $30, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in ModivCare's potential, but the significant reduction in the price target from $50 to $30 indicates concerns about future performance or market conditions. This mixed signal could lead to short-term downward pressure on the stock price as investors reassess their positions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100