Craig-Hallum Maintains Buy on Flux Power Holdings, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Eric Stine maintains a Buy rating on Flux Power Holdings (NASDAQ:FLUX) but lowers the price target from $10 to $7.
May 10, 2024 | 4:27 pm
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Craig-Hallum analyst Eric Stine reaffirmed a Buy rating on Flux Power Holdings but reduced the price target from $10 to $7.
The maintenance of a Buy rating indicates a positive outlook on FLUX by Craig-Hallum, suggesting confidence in the company's fundamentals or growth prospects. However, the reduction in the price target could reflect adjustments in valuation models, possibly due to market conditions or revised earnings expectations. This mixed signal might lead to short-term uncertainty among investors, potentially causing volatility in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100