B. Riley Securities Initiates Coverage On Digi Intl with Buy Rating, Announces Price Target of $34
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Josh Nichols has initiated coverage on Digi Intl (NASDAQ:DGII) with a Buy rating and set a price target of $34.
November 15, 2023 | 10:28 am
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B. Riley Securities has initiated coverage on Digi Intl with a Buy rating and a price target of $34, indicating a positive outlook for the stock.
The initiation of coverage by an analyst with a Buy rating typically signals confidence in the company's future performance and can lead to increased investor interest. The price target of $34 suggests a potential upside from the current trading price, which may positively influence the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100