Piper Sandler Maintains Overweight on Digi Intl, Lowers Price Target to $30-Report released on 9th Nov 2023
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Harsh Kumar has maintained an Overweight rating on Digi Intl (NASDAQ:DGII) but reduced the price target from $50 to $30, as reported on November 9, 2023.

November 10, 2023 | 9:22 pm
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NEGATIVE IMPACT
Piper Sandler has maintained an Overweight rating on Digi Intl but lowered the price target from $50 to $30.
The reduction in price target by Piper Sandler is likely to be viewed negatively by the market, potentially leading to a short-term decline in DGII's stock price. The Overweight rating suggests a positive long-term view, but the significant decrease in the price target could overshadow this and result in bearish sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100