Needham Downgrades Trinet Group to Hold, Maintains Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Kyle Peterson has downgraded Trinet Group (NYSE:TNET) from Buy to Hold, while maintaining the price target at $140.
October 28, 2024 | 11:56 am
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NEUTRAL IMPACT
Needham analyst Kyle Peterson downgraded Trinet Group from Buy to Hold, maintaining the price target at $140. This suggests a neutral outlook on the stock.
The downgrade from Buy to Hold indicates that the analyst no longer sees significant upside potential in the stock, but the maintained price target suggests no expected downside either. This results in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100