B. Riley Securities Maintains Buy on Iris Energy, Lowers Price Target to $9.5
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Lucas Pipes maintains a Buy rating on Iris Energy (NASDAQ:IREN) but lowers the price target from $10 to $9.5.

March 15, 2024 | 4:00 pm
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B. Riley Securities maintains a Buy rating on Iris Energy but lowers the price target from $10 to $9.5.
The adjustment in price target by B. Riley Securities reflects a slight change in valuation perspective, possibly due to market conditions or company performance. However, maintaining a Buy rating indicates a positive outlook on the company's future performance. The impact on the stock price is likely neutral in the short term as the reduction in price target is minor and is balanced by the continued positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100