B. Riley Securities Maintains Neutral on Universal Electronics, Raises Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Jeff Van Sinderen has maintained a Neutral rating on Universal Electronics (NASDAQ:UEIC) and raised the price target from $10.5 to $11.

May 06, 2024 | 5:38 pm
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B. Riley Securities maintains a Neutral rating on Universal Electronics and raises the price target from $10.5 to $11.
The increase in price target by B. Riley Securities suggests a positive outlook on the stock's value, potentially leading to short-term price appreciation. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at current levels, which might temper significant price movement.
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