Craig-Hallum Maintains Buy on EMCORE, Lowers Price Target to $1.5
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Richard Shannon maintains a 'Buy' rating on EMCORE (NASDAQ:EMKR), but has lowered the price target from $3 to $1.5.
August 21, 2023 | 3:13 pm
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EMCORE's price target has been lowered from $3 to $1.5 by Craig-Hallum, though the 'Buy' rating is maintained.
The lowering of the price target by Craig-Hallum indicates a potential decrease in EMCORE's stock value in the short term. However, the maintained 'Buy' rating suggests that the analyst still sees potential in the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100