Stephens & Co. Maintains Overweight on Digi Intl, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Tommy Moll has maintained an Overweight rating on Digi Intl (NASDAQ:DGII) but has reduced the price target from $50 to $40.
November 10, 2023 | 3:43 pm
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Stephens & Co. maintains an Overweight rating on Digi Intl but lowers the price target from $50 to $40, indicating a positive outlook but with reduced expectations.
While the Overweight rating suggests that Stephens & Co. believes Digi Intl's stock will outperform, the reduction in the price target may reflect a tempered optimism about the company's future performance. This could lead to mixed reactions in the short term, as investors appreciate the positive rating but also recalibrate their expectations based on the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100