Craig-Hallum Maintains Buy on Lantronix, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Christian Schwab maintains a Buy rating on Lantronix (LTRX) but lowers the price target from $7 to $6.

April 30, 2024 | 4:31 pm
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NEUTRAL IMPACT
Craig-Hallum maintains a Buy rating on Lantronix but lowers the price target from $7 to $6.
The maintenance of a Buy rating suggests a positive outlook on Lantronix's fundamentals, while the reduction in price target could reflect a more cautious view on its valuation or near-term prospects. This mixed signal might lead to a neutral short-term impact on the stock price, as the market balances the positive endorsement with the adjusted price expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100