B. Riley Securities Upgrades Alpha & Omega to Buy, Raises Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Craig Ellis upgraded Alpha & Omega Semiconductor (AOSL) from Neutral to Buy and increased the price target from $28 to $34.
January 02, 2024 | 9:59 am
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Alpha & Omega's stock rating was upgraded by B. Riley Securities from Neutral to Buy, and the price target was raised from $28 to $34.
Upgrades by analysts, especially with an increase in price target, are strong positive signals for a stock. It suggests improved fundamentals or market conditions that could drive the stock price higher. Investors often react positively to such news, which can lead to a short-term increase in the stock price.
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IMPORTANCE 90
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