Craig-Hallum Maintains Buy on Transact Technologies, Lowers Price Target to $7.5
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst George Sutton maintains a Buy rating on Transact Technologies (NASDAQ:TACT) but lowers the price target from $9 to $7.5.

May 08, 2024 | 3:33 pm
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NEUTRAL IMPACT
Craig-Hallum maintains a Buy rating on Transact Technologies but lowers the price target from $9 to $7.5.
The maintenance of a Buy rating by Craig-Hallum indicates continued confidence in Transact Technologies' fundamentals and growth potential. However, the reduction in the price target could reflect adjustments in valuation metrics, market conditions, or company-specific factors that might not significantly impact the stock's short-term movement but suggest a more conservative outlook on its valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100