Roth MKM Maintains Buy on Clearfield, Lowers Price Target to $47-Report Released on 28 January 2024
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Scott Searle has maintained a Buy rating on Clearfield (NASDAQ:CLFD) but reduced the price target from $49 to $47, as reported on January 28, 2024.

January 29, 2024 | 3:42 pm
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Roth MKM analyst Scott Searle maintains a Buy rating on Clearfield but lowers the price target from $49 to $47.
While the reduction in price target could be perceived negatively as it suggests a lower expected future stock price, the maintenance of a Buy rating indicates the analyst's continued positive outlook on the company. This mixed signal is likely to have a neutral short-term impact on the stock price.
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IMPORTANCE 75
RELEVANCE 100