Truist Securities Maintains Buy on Shutterstock, Lowers Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained its Buy rating on Shutterstock but lowered the price target from $65 to $56.
October 30, 2024 | 3:38 pm
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NEUTRAL IMPACT
Truist Securities has maintained its Buy rating on Shutterstock, indicating continued confidence in the stock, but has lowered the price target from $65 to $56, suggesting a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in Shutterstock's potential, but the lowered price target indicates a more cautious outlook on its future performance. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100