Truist Securities Maintains Hold on Avnet, Raises Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Hold rating on Avnet (NASDAQ:AVT) while raising the price target from $52 to $58.
October 31, 2024 | 4:17 pm
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POSITIVE IMPACT
Truist Securities has maintained a Hold rating on Avnet and increased the price target from $52 to $58, indicating a positive outlook.
The increase in price target from $52 to $58 by Truist Securities suggests a positive outlook for Avnet, which could lead to a short-term price increase. However, the Hold rating indicates that the analyst does not see a strong buy opportunity, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100