Imperial Capital Downgrades NAPCO Security Techs to In-Line, Announces $45 Price Target
Portfolio Pulse from Benzinga Newsdesk
Imperial Capital analyst Jeff Kessler downgraded NAPCO Security Technologies (NSSC) from Outperform to In-Line, setting a price target of $45. This adjustment reflects a change in the firm's outlook on NSSC's stock performance.
February 06, 2024 | 10:41 am
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Imperial Capital downgraded NAPCO Security Technologies to In-Line from Outperform and set a price target of $45.
The downgrade from Outperform to In-Line by a notable analyst could lead to mixed reactions in the market. While the establishment of a $45 price target suggests a belief in the company's value, the downgrade might cause some investors to reconsider their positions. However, the impact is considered neutral short-term as the market digests the reasons behind the downgrade and the new price target.
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