B. Riley Securities Downgrades Akoustis Technologies to Neutral, Lowers Price Target to $1.75
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has downgraded Akoustis Technologies from Buy to Neutral and lowered the price target from $9.25 to $1.75.
September 07, 2023 | 12:40 pm
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NEGATIVE IMPACT
Akoustis Technologies has been downgraded from Buy to Neutral by B. Riley Securities, with a lowered price target from $9.25 to $1.75.
The downgrade from Buy to Neutral by B. Riley Securities and the significant reduction in price target from $9.25 to $1.75 could negatively impact investor sentiment and potentially lead to a decrease in the short-term stock price of Akoustis Technologies.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100