B. Riley Securities Maintains Buy on Luna Innovations, Lowers Price Target to $11.5
Portfolio Pulse from richadhand@benzinga.com
B. Riley Securities analyst Dave Kang has maintained a 'Buy' rating on Luna Innovations (NASDAQ:LUNA) but lowered the price target from $12 to $11.5.
August 11, 2023 | 5:37 pm
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NEUTRAL IMPACT
Luna Innovations' price target has been lowered from $12 to $11.5 by B. Riley Securities, though the 'Buy' rating is maintained.
The news is directly about Luna Innovations and is likely to influence investor sentiment. The lowering of the price target might suggest a slightly less optimistic outlook, but the maintained 'Buy' rating indicates continued confidence in the company's prospects.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100