Barclays Maintains Overweight on Iridium Comms, Raises Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Mathieu Robilliard maintains an Overweight rating on Iridium Communications (IRDM) and raises the price target from $42 to $44.

April 26, 2024 | 2:10 pm
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Barclays analyst Mathieu Robilliard has maintained an Overweight rating on Iridium Communications and increased the price target from $42 to $44.
The upgrade in price target by a reputable analyst like Mathieu Robilliard from Barclays indicates a positive outlook on Iridium Communications, suggesting confidence in the company's future performance. This is likely to influence investor sentiment positively in the short term, potentially leading to an increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100