Barclays Maintains Overweight on Magic Software, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tavy Rosner maintains an Overweight rating on Magic Software (NASDAQ:MGIC) but lowers the price target from $23 to $18.
August 15, 2023 | 10:56 am
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Barclays maintains an Overweight rating on Magic Software but lowers the price target from $23 to $18.
The news is directly related to Magic Software. While the Overweight rating is maintained, the lowering of the price target might indicate a potential decrease in the stock's value. However, the impact is not necessarily negative as the rating remains positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100