Raymond James Maintains Outperform on Cambium Networks, Lowers Price Target to $5.25
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Simon Leopold has maintained an Outperform rating on Cambium Networks (NASDAQ:CMBM) but reduced the price target from $5.50 to $5.25.

January 19, 2024 | 3:03 pm
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Cambium Networks' Outperform rating is maintained by Raymond James, but the price target is lowered from $5.50 to $5.25.
While the maintenance of an Outperform rating suggests continued confidence in Cambium Networks' prospects, the reduction in the price target could reflect a slightly more cautious view on the stock's valuation or expected performance. This mixed signal may lead to a neutral short-term impact on the stock price as the market digests both the reaffirmation of the positive outlook and the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100