Benchmark Maintains Buy on Alpha & Omega, Lowers Price Target to $40
Portfolio Pulse from richadhand@benzinga.com
Benchmark analyst David Williams maintains a Buy rating on Alpha & Omega (NASDAQ:AOSL) but has lowered the price target from $42 to $40.
August 10, 2023 | 3:31 pm
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NEUTRAL IMPACT
Despite the lowered price target, Benchmark maintains a Buy rating on Alpha & Omega, indicating continued confidence in the company's performance.
The lowered price target might initially seem negative, but the maintained Buy rating indicates that the analyst still sees potential in the company. This could lead to a neutral short-term impact on the stock price as the market balances the lowered target with the continued Buy rating.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100