Craig-Hallum Downgrades CalAmp to Hold, Announces $0.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Anthony Stoss has downgraded CalAmp (NASDAQ:CAMP) from Buy to Hold and set a price target of $0.5.
October 06, 2023 | 1:58 pm
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NEGATIVE IMPACT
CalAmp has been downgraded from Buy to Hold by Craig-Hallum, with a new price target of $0.5.
The downgrade from Buy to Hold by a reputable analyst suggests a less optimistic outlook for the company's stock. The new price target of $0.5 also indicates a potential decrease in the stock's value. This could negatively impact the short-term price of CalAmp's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100