B. Riley Securities Reiterates Buy on Orion Gr Hldgs, Raises Price Target to $9.5
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Alex Rygiel has reiterated a Buy rating on Orion Group Holdings (NYSE:ORN) and increased the price target from $6.25 to $9.5.
March 14, 2024 | 2:44 pm
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Orion Group Holdings' price target has been raised from $6.25 to $9.5 by B. Riley Securities, with a reiterated Buy rating.
The increase in price target by a reputable analyst firm like B. Riley Securities typically signals a strong bullish sentiment towards the stock. This can often lead to increased investor confidence and potentially drive the stock price up in the short term, especially when the new target represents a significant premium over the current trading price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100