Northland Capital Markets Maintains Outperform on Harmonic, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Northland Capital Markets analyst Tim Savageaux maintains an Outperform rating on Harmonic (NASDAQ:HLIT) but lowers the price target from $23 to $20.
August 04, 2023 | 10:10 am
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Harmonic's price target has been lowered from $23 to $20 by Northland Capital Markets, though the Outperform rating is maintained.
The lowering of the price target by Northland Capital Markets could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintenance of the Outperform rating indicates that the analyst still sees potential upside for the stock, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100