Raymond James Maintains Strong Buy on Iridium Comms, Lowers Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Ric Prentiss has maintained a 'Strong Buy' rating on Iridium Comms (NASDAQ:IRDM), but lowered the price target from $67 to $58.

October 20, 2023 | 1:27 pm
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NEUTRAL IMPACT
Iridium Comms' price target has been lowered from $67 to $58 by Raymond James, though the 'Strong Buy' rating is maintained.
While the 'Strong Buy' rating is maintained, the lowering of the price target could indicate a potential decrease in the short-term value of the stock. However, the 'Strong Buy' rating suggests that the stock is still expected to perform well in the long run.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100