Truist Securities Maintains Hold on Arrow Electronics, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Hold rating on Arrow Electronics but lowered the price target from $141 to $120.
November 01, 2024 | 2:24 pm
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Truist Securities has maintained a Hold rating on Arrow Electronics and reduced the price target from $141 to $120, indicating a more cautious outlook.
The reduction in the price target from $141 to $120 by Truist Securities suggests a less optimistic view on Arrow Electronics' future performance. This could lead to a negative short-term impact on the stock price as investors may adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100