B. Riley Securities Downgrades Extreme Networks to Neutral, Raises Price Target to $30
Portfolio Pulse from richadhand@benzinga.com
B. Riley Securities has downgraded Extreme Networks from Buy to Neutral, while raising the price target from $25 to $30.
August 04, 2023 | 12:39 pm
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NEUTRAL IMPACT
Extreme Networks has been downgraded to Neutral from Buy by B. Riley Securities, but the price target has been raised from $25 to $30.
The downgrade from Buy to Neutral suggests that B. Riley Securities sees less upside potential in Extreme Networks' stock, which could lead to a slowdown in buying pressure. However, the increase in the price target from $25 to $30 indicates that the firm still sees some potential for the stock's price to rise, which could offset some of the negative impact of the downgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100