Jefferies Downgrades CalAmp to Hold, Lowers Price Target to $2
Portfolio Pulse from richadhand@benzinga.com
Jefferies analyst George Notter downgrades CalAmp (NASDAQ:CAMP) from Buy to Hold and lowers the price target from $5 to $2.
June 26, 2023 | 9:05 am
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CalAmp downgraded to Hold by Jefferies, with price target lowered from $5 to $2.
The downgrade from Buy to Hold and the significant reduction in price target by Jefferies analyst George Notter indicate a less optimistic outlook for CalAmp's stock performance in the short term. This could lead to a negative impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100