HC Wainwright & Co. Maintains Neutral on Intrusion, Adjusts Price Target To $3 (1:20 reverse split)
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Scott Buck maintains a Neutral rating on Intrusion (NASDAQ:INTZ), adjusting the price target to $3 from $0.5, accounting for a 1:20 reverse stock split.
March 27, 2024 | 10:17 am
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NEUTRAL IMPACT
HC Wainwright & Co. maintains a Neutral rating on Intrusion, with a price target adjustment to $3 from $0.5, reflecting a 1:20 reverse stock split.
The adjustment in price target by HC Wainwright & Co. reflects the accounting for a 1:20 reverse stock split rather than a change in the fundamental outlook of Intrusion. The neutral rating suggests that the analyst sees limited upside or downside potential in the short term, and the significant adjustment in the price target is primarily a technical change to reflect the reverse stock split. Investors should note that while the price target has increased, the valuation implication remains neutral, indicating no immediate bullish or bearish trend.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100