B. Riley Securities Maintains Buy on Matthews International, Lowers Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Liam Burke has maintained a Buy rating on Matthews International (NASDAQ:MATW) but lowered the price target from $61 to $59.
February 05, 2024 | 8:00 pm
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B. Riley Securities maintains a Buy rating on Matthews International but lowers the price target from $61 to $59.
The adjustment in price target by B. Riley Securities reflects a slight change in their valuation of Matthews International. While the Buy rating is maintained, indicating a positive outlook on the stock, the reduction in price target could suggest a tempered expectation for the stock's short-term growth potential. This might have a neutral to slightly negative impact on investor sentiment in the short term, as adjustments in price targets by analysts are closely watched by the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100