B. Riley Securities Reiterates Buy on Alta Equipment Group, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Alex Rygiel has reiterated a Buy rating on Alta Equipment Group (NYSE:ALTG) but lowered the price target from $25 to $22.

March 15, 2024 | 3:45 pm
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Alta Equipment Group's Buy rating was reiterated by B. Riley Securities, though the price target was reduced from $25 to $22.
The reiteration of the Buy rating suggests a positive outlook on ALTG by B. Riley Securities, indicating confidence in the company's fundamentals or growth prospects. However, the reduction in the price target could reflect adjustments in valuation models, possibly due to revised earnings forecasts or market conditions. This mixed signal might lead to short-term uncertainty among investors, balancing out potential impacts on the stock price.
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