B. Riley Securities Maintains Buy on Indie Semiconductor, Lowers Price Target to $15.5
Portfolio Pulse from richadhand@benzinga.com
B. Riley Securities analyst Craig Ellis has maintained a 'Buy' rating on Indie Semiconductor (NASDAQ:INDI) but lowered the price target from $16 to $15.5.

August 11, 2023 | 5:36 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Indie Semiconductor's price target has been lowered from $16 to $15.5 by B. Riley Securities, though the 'Buy' rating is maintained.
The lowering of the price target by B. Riley Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100