Needham Maintains Buy on KVH Industries, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ryan Koontz maintains a Buy rating on KVH Industries (NASDAQ:KVHI) but has lowered the price target from $9 to $7.
November 10, 2023 | 1:16 pm
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NEUTRAL IMPACT
Needham has maintained a Buy rating on KVH Industries but lowered the price target from $9 to $7.
The news is directly about KVH Industries. While the maintained Buy rating is positive, the lowered price target could have a negative impact. However, the overall impact is likely to be neutral in the short term as the market absorbs this mixed news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100