CORRECTION: Northland Capital Markets Downgrades Clearfield to Market Perform, Maintains $45 Price Target - Analyst Firm Updated
Portfolio Pulse from Benzinga Newsdesk
Northland Capital Markets analyst Tim Savageaux has downgraded Clearfield (NASDAQ:CLFD) from Outperform to Market Perform, while maintaining a $45 price target.
August 04, 2023 | 3:24 pm
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Clearfield has been downgraded from Outperform to Market Perform by Northland Capital Markets, with a $45 price target being maintained.
The downgrade from Outperform to Market Perform by a reputable analyst firm like Northland Capital Markets could negatively impact investor sentiment towards Clearfield, potentially leading to a short-term decrease in its stock price. However, the maintained price target of $45 indicates that the firm still sees value in the stock.
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IMPORTANCE 80
RELEVANCE 100