B. Riley Securities Maintains Neutral on Kulicke & Soffa Indus, Raises Price Target to $56-Report released on 16th November 2023
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Craig Ellis has maintained a Neutral rating on Kulicke & Soffa Industries (KLIC) and increased the price target from $52 to $56.
November 17, 2023 | 2:52 pm
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POSITIVE IMPACT
B. Riley Securities analyst Craig Ellis reaffirms a Neutral rating on Kulicke & Soffa Industries and raises the price target from $52 to $56.
The increase in price target by B. Riley Securities suggests a positive outlook on the stock's value, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst does not see significant momentum or changes in the company's fundamentals to warrant a more bullish stance. Therefore, the impact is likely to be moderate but positive.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100