B. Riley Securities Maintains Buy Rating for RF Industries: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
B. Riley Securities has maintained its Buy rating for RF Industries (NASDAQ:RFIL) but lowered its price target from $6.00 to $4.25. RF Industries' shares are currently trading down 2.77% at $2.81 per share. A move to $4.25 would represent a 51.25% increase from the current share price.
September 18, 2023 | 5:00 pm
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B. Riley Securities has maintained its Buy rating for RF Industries but lowered its price target. This could potentially lead to a short-term decrease in the stock price.
The lowering of the price target by B. Riley Securities could lead to a decrease in the stock price in the short term as it may cause investors to reassess the value of the stock. However, the maintained Buy rating indicates that the firm still sees potential in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100