Goldman Sachs Maintains Sell on CalAmp, Lowers Price Target to $0.3
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Jerry Revich has maintained a Sell rating on CalAmp (NASDAQ:CAMP) and reduced the price target from $0.35 to $0.3.
January 11, 2024 | 1:07 pm
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NEGATIVE IMPACT
Goldman Sachs has reiterated a Sell rating on CalAmp and decreased the price target to $0.3, indicating a bearish outlook on the stock.
The reduction in price target by a major financial institution like Goldman Sachs suggests a negative outlook on CalAmp's stock performance in the short term. This could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100