Oppenheimer Maintains Outperform on Cambium Networks, Lowers Price Target to $15
Portfolio Pulse from richadhand@benzinga.com
Oppenheimer analyst Timothy Horan has maintained an 'Outperform' rating on Cambium Networks (NASDAQ:CMBM), but lowered the price target from $25 to $15.
August 04, 2023 | 11:05 am
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Cambium Networks' price target has been lowered from $25 to $15 by Oppenheimer, though the 'Outperform' rating is maintained.
The lowering of the price target by Oppenheimer could lead to a negative sentiment among investors, potentially causing a short-term decrease in the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100