Needham Maintains Buy on Clearfield, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ryan Koontz maintains a Buy rating on Clearfield (NASDAQ:CLFD) but lowers the price target from $45 to $40.
November 10, 2023 | 12:47 pm
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Clearfield's price target has been lowered from $45 to $40 by Needham, though the Buy rating is maintained.
The news is directly about Clearfield. The lowering of the price target might indicate a potential decrease in the stock's value, but the maintained Buy rating suggests that the stock is still expected to perform well. This creates a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100