Barclays Upgrades Iridium Comms to Overweight, Lowers Price Target to $65
Portfolio Pulse from richadhand@benzinga.com
Barclays analyst Mathieu Robilliard has upgraded Iridium Comms (NASDAQ:IRDM) from Equal-Weight to Overweight, but lowered the price target from $66 to $65.
July 27, 2023 | 9:00 am
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POSITIVE IMPACT
Iridium Comms has been upgraded to Overweight by Barclays, indicating a positive outlook. However, the price target has been lowered from $66 to $65.
The upgrade to Overweight from Barclays indicates a positive outlook for Iridium Comms, which could lead to an increase in its stock price. However, the lowering of the price target from $66 to $65 suggests a slight adjustment in the expected stock price. This could potentially limit the upside potential of the stock, but overall, the news is positive for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100