B. Riley Securities Maintains Neutral on Universal Electronics, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Jeff Van Sinderen has maintained a Neutral rating on Universal Electronics (NASDAQ:UEIC) but lowered the price target from $13 to $9.
November 22, 2023 | 3:40 pm
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B. Riley Securities analyst Jeff Van Sinderen maintains a Neutral rating on Universal Electronics but reduces the price target from $13 to $9.
The reduction in the price target by B. Riley Securities could lead to a negative perception among investors, potentially causing a short-term decline in UEIC's stock price. The Neutral rating suggests no significant change in the company's fundamentals, but the lowered price target indicates a less optimistic valuation by the analyst.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100