B of A Securities Downgrades Tempus AI to Neutral, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Tempus AI from Buy to Neutral, while raising its price target from $45 to $60.
October 02, 2024 | 11:23 am
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NEUTRAL IMPACT
B of A Securities downgraded Tempus AI from Buy to Neutral, indicating a more cautious outlook. However, the price target was raised to $60, suggesting potential for growth.
The downgrade from Buy to Neutral suggests a less optimistic view on Tempus AI's immediate prospects, which could lead to a neutral short-term impact on the stock price. However, the raised price target to $60 indicates potential for future growth, balancing the downgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100