B of A Securities Maintains Neutral on Gentex, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained a Neutral rating on Gentex (NASDAQ:GNTX) but lowered its price target from $39 to $35.
October 14, 2024 | 5:25 pm
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NEGATIVE IMPACT
B of A Securities has maintained a Neutral rating on Gentex but lowered its price target from $39 to $35, indicating a less optimistic outlook.
The lowering of the price target by B of A Securities suggests a less optimistic view on Gentex's future performance, which could lead to a negative short-term impact on its stock price. The Neutral rating indicates no strong buy or sell recommendation, but the reduced price target may influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100