B. Riley Securities Maintains Buy on Trinity Cap, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Bryce Rowe maintains a Buy rating on Trinity Cap (NASDAQ:TRIN) but lowers the price target from $16.5 to $16.
May 02, 2024 | 5:32 pm
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NEUTRAL IMPACT
B. Riley Securities maintains a Buy rating on Trinity Cap but lowers the price target from $16.5 to $16.
The adjustment in price target by B. Riley Securities reflects a slight modification in their valuation assessment of Trinity Cap. While the Buy rating indicates continued confidence in the company's fundamentals, the reduction in price target could suggest a tempered outlook on its growth prospects or market conditions. This news is directly relevant to TRIN and important for investors tracking analyst ratings and price targets. The neutral score reflects the mixed nature of the news - positive due to the maintained Buy rating, but slightly negative due to the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100