Truist Securities Maintains Hold on QuantumScape, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Hold rating on QuantumScape (NYSE:QS) while lowering its price target from $7 to $6.
October 16, 2024 | 2:40 pm
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Truist Securities has maintained a Hold rating on QuantumScape and lowered its price target from $7 to $6, indicating a cautious outlook.
The lowering of the price target from $7 to $6 by Truist Securities suggests a less optimistic view on QuantumScape's short-term performance. This could lead to a negative sentiment among investors, potentially impacting the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100