Raymond James Maintains Strong Buy on Iridium Comms, Lowers Price Target to $68
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Ric Prentiss has maintained a 'Strong Buy' rating on Iridium Comms (NASDAQ:IRDM), but lowered the price target from $76 to $68.
July 26, 2023 | 11:49 am
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Iridium Comms' price target has been lowered from $76 to $68 by Raymond James, though the 'Strong Buy' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintenance of the 'Strong Buy' rating indicates that the analyst still sees significant upside potential, which could counteract the negative sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100