Raymond James Maintains Outperform on ScanSource, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Adam Tindle has maintained an Outperform rating on ScanSource (NASDAQ:SCSC), but lowered the price target from $40 to $35.

November 10, 2023 | 1:28 pm
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ScanSource's price target has been lowered from $40 to $35 by Raymond James, though the Outperform rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Outperform rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment to some extent.
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IMPORTANCE 80
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