EF Hutton Maintains Buy on Kimball Electronics, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
EF Hutton analyst Tim Moore maintains a 'Buy' rating on Kimball Electronics (NASDAQ:KE) but has lowered the price target from $39 to $37.

November 08, 2023 | 8:34 pm
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NEUTRAL IMPACT
Kimball Electronics' price target has been lowered from $39 to $37 by EF Hutton, though the 'Buy' rating is maintained.
The lowering of the price target by EF Hutton could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100