Raymond James Maintains Strong Buy on Iridium Comms, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Ric Prentiss has maintained a Strong Buy rating on Iridium Communications (IRDM) but lowered the price target from $53 to $48.

February 16, 2024 | 3:35 pm
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Raymond James maintains a Strong Buy on Iridium Communications but lowers the price target from $53 to $48.
While the maintenance of a Strong Buy rating indicates continued confidence in Iridium Communications' fundamentals and growth prospects, the reduction in the price target could reflect adjustments in market conditions or expectations. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the implications.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100