B of A Securities Maintains Underperform on Qorvo, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Vivek Arya has maintained an 'Underperform' rating on Qorvo (NASDAQ:QRVO) and lowered the price target from $115 to $80.
October 30, 2024 | 12:20 pm
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NEGATIVE IMPACT
B of A Securities has maintained an 'Underperform' rating on Qorvo and reduced the price target from $115 to $80, indicating a negative outlook.
The 'Underperform' rating and significant reduction in price target from $115 to $80 by B of A Securities suggest a negative sentiment towards Qorvo's stock. This is likely to impact investor perception and could lead to a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100