Truist cuts price targets on Cardinal Infra and Nebius shares
Truist Securities cut its price target on Cardinal Infra Group to $10 from $30 and on Nebius Group to $245 from $355, per Dow Jones Newswires citing Benzinga.
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what happened
Truist Securities cut its price target on Cardinal Infra Group (CDNL) to $10.00 per share from $30.00, while keeping a Buy rating. Dow Jones Newswires reports the change, citing data from Benzinga.
The same brokerage lowered its price target on Nebius Group (NBIS) to $245.00 per share from $355.00.
why it matters
Analyst target revisions like these usually shape sentiment around individual stocks but rarely change the broader market picture. A price target reflects the analyst's valuation view, not a forecast of where the shares will trade.
market impact
CDNL and NBIS shares: lower price targets may dampen investor interest in the stocks
tags
instruments
sources
- Cardinal Infra Group Price Target Cut to $10.00/Share From $30.00 by Truist Securities — Dow Jones Newswires, 13 November 2026 at 14:49 UTC
- Nebius Group Price Target Cut to $245.00/Share From $355.00 by Truist Securities — Dow Jones Newswires, 13 November 2026 at 14:54 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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