Truist Securities Maintains Hold on Barnes Gr, Raises Price Target to $47.5
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Hold rating on Barnes Group (NYSE:B) while raising the price target from $38 to $47.5.

October 08, 2024 | 2:26 pm
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Truist Securities has maintained a Hold rating on Barnes Group and increased the price target from $38 to $47.5, indicating a positive outlook.
The increase in the price target from $38 to $47.5 by Truist Securities suggests a more optimistic view on Barnes Group's future performance. Maintaining a Hold rating indicates that while the stock is not expected to outperform significantly, the raised target price reflects potential for moderate gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100