EF Hutton Maintains Buy on Castellum, Lowers Price Target to $1.15
Portfolio Pulse from Benzinga Newsdesk
EF Hutton analyst Edward Reilly has maintained a Buy rating on Castellum (AMEX:CTM) but has reduced the price target from $1.4 to $1.15.
November 15, 2023 | 12:45 pm
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NEGATIVE IMPACT
Castellum's stock may experience a short-term negative impact due to the lowered price target from $1.4 to $1.15 by EF Hutton, despite maintaining a Buy rating.
The reduction in price target by a reputable analyst like Edward Reilly can lead to a negative perception among investors, potentially causing a short-term decline in Castellum's stock price. However, the maintenance of a Buy rating may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100