B. Riley Securities Maintains Buy Rating for Ribbon Comms: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
B. Riley Securities has maintained its Buy rating for Ribbon Comms (NASDAQ:RBBN) but lowered its price target from $7.00 to $6.00. Ribbon Comms' shares are currently trading up 2.63% at $1.95 per share. A move to $6.00 would represent a 207.69% increase from the current share price.
October 26, 2023 | 5:00 pm
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B. Riley Securities has maintained its Buy rating for Ribbon Comms but lowered its price target. This could potentially lead to increased investor interest.
The maintained Buy rating indicates that B. Riley Securities still sees potential in Ribbon Comms, which could attract investors. However, the lowered price target suggests a more conservative outlook on the stock's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100