Raymond James Maintains Outperform on MiX Telematics, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Alexander Sklar has maintained an 'Outperform' rating on MiX Telematics (NYSE:MIXT) but lowered the price target from $10 to $8.

November 09, 2023 | 12:37 pm
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NEGATIVE IMPACT
MiX Telematics' price target has been lowered from $10 to $8 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could lead to a short-term negative impact on MiX Telematics' stock price as it indicates a lower expected future value. However, the maintained 'Outperform' rating suggests that the analyst still expects the stock to outperform its peers.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100