Northland Capital Markets Downgrades Kaleyra to Market Perform, Announces $7.25 Price Target
Portfolio Pulse from richadhand@benzinga.com
Northland Capital Markets has downgraded Kaleyra (NYSE:KLR) from Outperform to Market Perform and set a new price target of $7.25.
July 07, 2023 | 12:58 pm
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Kaleyra's rating has been downgraded by Northland Capital Markets, which could potentially impact investor sentiment and the stock's performance.
The downgrade from Outperform to Market Perform by Northland Capital Markets indicates a less optimistic outlook for Kaleyra. This could potentially lead to a decrease in the stock's price in the short term. The new price target of $7.25 also provides a benchmark that investors may use to evaluate the stock's performance.
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IMPORTANCE 80
RELEVANCE 100