RBC Capital Maintains Sector Perform on Model N, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Rishi Jaluria maintains a Sector Perform rating on Model N (NYSE:MODN) and reduces the price target from $35 to $30.
November 10, 2023 | 7:18 pm
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NEGATIVE IMPACT
RBC Capital has maintained a Sector Perform rating on Model N but lowered the price target from $35 to $30, indicating a potential downside or limited upside.
The reduction in price target by RBC Capital suggests that the analyst sees less potential for price appreciation in Model N's stock. This could lead to a negative investor sentiment in the short term and potentially lower stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100