Lake Street Maintains Buy on OMNIQ, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Lake Street analyst Jaeson Schmidt has maintained a 'Buy' rating on OMNIQ (NASDAQ:OMQS) but lowered the price target from $9 to $7.
August 16, 2023 | 5:07 pm
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OMNIQ's price target has been lowered from $9 to $7 by Lake Street, though the 'Buy' rating is maintained.
The lowering of the price target by Lake Street 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 in the company, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100