B. Riley Securities Maintains Neutral on Kulicke & Soffa Indus, Lowers Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Craig Ellis maintains a Neutral rating on Kulicke & Soffa Industries (KLIC) and lowers the price target from $54 to $47.
May 03, 2024 | 5:32 pm
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B. Riley Securities maintains a Neutral rating on Kulicke & Soffa Industries and lowers the price target from $54 to $47.
The reduction in price target by B. Riley Securities suggests a bearish outlook on the stock's short-term price potential, likely due to anticipated challenges or underperformance relative to previous expectations. This adjustment could lead to a negative perception among investors, potentially impacting the stock's price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100