Baird Maintains Neutral on Graco, Lowers Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Michael Halloran maintains a Neutral rating on Graco (NYSE:GGG) and lowers the price target from $88 to $85.
October 25, 2024 | 12:45 pm
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NEUTRAL IMPACT
Baird analyst Michael Halloran has maintained a Neutral rating on Graco and adjusted the price target from $88 to $85, indicating a slight decrease in expected valuation.
The analyst's decision to maintain a Neutral rating suggests no significant change in the outlook for Graco. However, the slight reduction in the price target from $88 to $85 may indicate a modestly less optimistic view on the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100