Craig-Hallum Maintains Buy on Vuzix, Lowers Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Christian Schwab has maintained a Buy rating on Vuzix (NASDAQ:VUZI) but has reduced the price target from $6 to $3.5.

January 18, 2024 | 7:31 pm
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Craig-Hallum analyst reaffirms a Buy rating on Vuzix but slashes the price target by 42% from $6 to $3.5, indicating a potential downside compared to the previous target.
The reduction in the price target by Craig-Hallum suggests that while the firm still believes in the stock's potential (maintaining a Buy rating), they see less upside than before. This could lead to a negative short-term reaction in the stock price as investors adjust their expectations based on the new target.
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IMPORTANCE 80
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