B. Riley Securities Maintains Buy on RF Industries, Lowers Price Target to $4.25
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Josh Nichols maintains a Buy rating on RF Industries (NASDAQ:RFIL) but lowers the price target from $6 to $4.25.
September 18, 2023 | 12:17 pm
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NEGATIVE IMPACT
RF Industries' price target has been lowered from $6 to $4.25 by B. Riley Securities, though the Buy rating is maintained.
The lowering of the price target by B. Riley Securities could potentially lead to a negative sentiment among investors, which may put downward pressure on RF Industries' stock price in the short term. However, the maintained Buy rating indicates that the analyst still sees potential in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100