Roth MKM Maintains Buy on CalAmp, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Scott Searle maintains a 'Buy' rating on CalAmp (NASDAQ:CAMP) but has lowered the price target from $6 to $5.
October 06, 2023 | 1:13 pm
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NEUTRAL IMPACT
Despite the lowered price target, Roth MKM maintains a 'Buy' rating on CalAmp, indicating continued confidence in the company's performance.
The lowered price target might initially cause some investor concern, potentially leading to short-term price volatility. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100