Northland Capital Markets Downgrades Intellicheck to Market Perform, Maintains $4 Price Target
Portfolio Pulse from Benzinga Newsdesk
Northland Capital Markets analyst Mike Grondahl downgraded Intellicheck (IDN) from Outperform to Market Perform while maintaining a $4 price target.
April 10, 2024 | 5:09 pm
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Intellicheck was downgraded by Northland Capital Markets from Outperform to Market Perform, with a maintained price target of $4.
The downgrade from Outperform to Market Perform by a notable analyst could lead to a negative perception among investors, potentially impacting the stock's short-term performance negatively. The maintained price target of $4 suggests that the analyst sees limited upside potential from current levels, reinforcing the neutral to slightly negative outlook.
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IMPORTANCE 80
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