Roth MKM Maintains Buy on Profire Energy, Raises Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst John White maintains a Buy rating on Profire Energy (NASDAQ:PFIE) and raises the price target from $1.5 to $3.5.
September 11, 2023 | 1:43 pm
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POSITIVE IMPACT
Profire Energy's price target has been raised from $1.5 to $3.5 by Roth MKM, maintaining a Buy rating.
The news of Roth MKM raising the price target for Profire Energy from $1.5 to $3.5 while maintaining a Buy rating is likely to have a positive impact on the company's stock in the short term. This is because such an upgrade usually signals the analyst's increased confidence in the company's future performance, which can encourage investors to buy the stock, potentially driving up its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100