B. Riley Securities Maintains Neutral on L.B. Foster, Raises Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Alex Rygiel has maintained a Neutral rating on L.B. Foster (NASDAQ:FSTR) and increased the price target from $23 to $27.

May 10, 2024 | 1:50 pm
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POSITIVE IMPACT
B. Riley Securities maintains a Neutral rating on L.B. Foster but raises the price target from $23 to $27, indicating a positive outlook on the stock's value.
The increase in price target by B. Riley Securities suggests a positive reassessment of L.B. Foster's stock value, potentially leading to increased investor interest and a positive short-term price movement. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at its current price, balancing the potential impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90