Roth MKM Maintains Buy on Shimmick, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Gerry Sweeney has maintained a Buy rating on Shimmick (NASDAQ:SHIM) but has lowered the price target from $10 to $9.

April 01, 2024 | 6:31 pm
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NEUTRAL IMPACT
Roth MKM maintains a Buy rating on Shimmick but lowers the price target from $10 to $9.
While the reduction in price target could suggest a tempered outlook on Shimmick's stock value, the maintenance of a Buy rating indicates a continued positive view on the company's fundamentals. This mixed signal could lead to a neutral short-term impact on SHIM's stock price as investors weigh the lowered price target against the analyst's ongoing endorsement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100