B. Riley Securities Downgrades NAPCO Security Techs to Neutral, Lowers Price Target to $24
Portfolio Pulse from richadhand@benzinga.com
B. Riley Securities has downgraded NAPCO Security Techs (NASDAQ:NSSC) from Buy to Neutral and lowered the price target from $38 to $24.
August 21, 2023 | 1:00 pm
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NAPCO Security Techs has been downgraded from Buy to Neutral by B. Riley Securities, with a lowered price target from $38 to $24.
The downgrade from Buy to Neutral by B. Riley Securities indicates a less optimistic outlook for NAPCO Security Techs. The lowered price target from $38 to $24 suggests that the analyst believes the stock is currently overvalued. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100