Lake Street Downgrades NAPCO Security Techs to Hold, Lowers Price Target to $30
Portfolio Pulse from richadhand@benzinga.com
Lake Street analyst Jaeson Schmidt has downgraded NAPCO Security Techs (NASDAQ:NSSC) from Buy to Hold and lowered the price target from $40 to $30.
August 21, 2023 | 1:01 pm
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NEGATIVE IMPACT
NAPCO Security Techs has been downgraded from Buy to Hold by Lake Street, with a lowered price target of $30.
The downgrade from Buy to Hold suggests that the analyst believes the stock may not outperform the market in the near future. The lowered price target from $40 to $30 indicates a reduced expectation of the stock's future price, which could negatively impact investor sentiment and potentially lead to a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100