Craig-Hallum Maintains Buy on CalAmp, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Anthony Stoss maintains a 'Buy' rating on CalAmp (NASDAQ:CAMP) but has lowered the price target from $4 to $2.
July 11, 2023 | 3:12 pm
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NEUTRAL IMPACT
Despite the lowered price target, Craig-Hallum maintains a 'Buy' rating on CalAmp, indicating continued confidence in the company's potential.
The lowered price target might initially cause some negative sentiment among investors. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could balance out the initial negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100