BMO Capital Maintains Market Perform on N-able, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Keith Bachman has maintained a Market Perform rating on N-able (NYSE:NABL) but has reduced the price target from $15 to $14.
November 14, 2023 | 2:51 pm
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NEGATIVE IMPACT
BMO Capital has maintained a Market Perform rating on N-able, but lowered the price target from $15 to $14, indicating a potential downside or limited upside.
The reduction in price target by BMO Capital suggests that the analyst sees less potential for price appreciation in N-able's stock. This could lead to a negative perception among investors and potentially cause a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100