Deutsche Bank Upgrades Iridium Comms to Buy, Announces $57 Price Target
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Edison Yu has upgraded Iridium Comms (NASDAQ:IRDM) from Hold to Buy and set a price target of $57.
September 18, 2023 | 11:15 am
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Iridium Comms has been upgraded to Buy from Hold by Deutsche Bank, with a new price target of $57.
The upgrade from Deutsche Bank is a positive signal for Iridium Comms. It indicates that the bank sees potential for the stock's price to increase, hence the Buy rating and the $57 price target. This could lead to increased investor interest and potentially a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100