B. Riley Securities Maintains Neutral on L.B. Foster, Raises Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Alex Rygiel has maintained a Neutral rating on L.B. Foster (NASDAQ:FSTR) and increased the price target from $17 to $23.
March 06, 2024 | 1:34 pm
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B. Riley Securities has maintained a Neutral rating on L.B. Foster but raised the price target from $17 to $23.
The increase in price target from $17 to $23 by a reputable analyst firm like B. Riley Securities suggests a positive outlook on the stock's value, potentially leading to increased investor interest and a short-term positive impact on the stock price. However, the maintenance of a Neutral rating indicates that there may still be some caution advised, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90