The company has a “rich catalyst path with defensive cash flows,” wrote analyst Wamsi Mohan, who has a buy rating and $225 price target on the stock.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of