Rosenblatt Maintains Buy on Harmonic, Lowers Price Target to $18
Portfolio Pulse from richadhand@benzinga.com
Rosenblatt analyst Steve Frankel maintains a 'Buy' rating on Harmonic (NASDAQ:HLIT), but has lowered the price target from $22 to $18.
August 01, 2023 | 11:26 am
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Rosenblatt analyst maintains a 'Buy' rating on Harmonic but lowers the price target from $22 to $18.
The news is directly about Harmonic (HLIT). The maintained 'Buy' rating indicates continued confidence in the company, which is positive. However, the lowered price target may indicate a perceived limit on the stock's short-term growth potential, which could be seen as negative. The net impact is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100