Raymond James Maintains Strong Buy on Iridium Comms, Lowers Price Target to $53
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 $58 to $53.

November 10, 2023 | 12:45 pm
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NEUTRAL IMPACT
Iridium Comms' price target has been lowered from $58 to $53 by Raymond James, though the 'Strong Buy' rating is maintained.
While the lowering of the price target might initially seem negative, the maintenance of the 'Strong Buy' rating indicates that the analyst still sees significant potential in the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100