Raymond James Maintains Strong Buy on Iridium Comms, Lowers Price Target to $67
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Ric Prentiss has maintained a 'Strong Buy' rating on Iridium Comms (NASDAQ:IRDM), but lowered the price target from $68 to $67.

August 23, 2023 | 11:29 am
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Iridium Comms' price target has been lowered by Raymond James from $68 to $67, but the 'Strong Buy' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors. However, the maintenance of the 'Strong Buy' rating indicates that the analyst still sees significant upside potential in the stock, which could offset any negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100