BMO Capital Maintains Market Perform on i3 Verticals, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Rufus Hone maintains a Market Perform rating on i3 Verticals (NASDAQ:IIIV) and lowers the price target from $25 to $24.
May 13, 2024 | 1:37 pm
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BMO Capital analyst Rufus Hone maintains a Market Perform rating on i3 Verticals and lowers the price target from $25 to $24, indicating a cautious outlook on the stock's short-term price movement.
The reduction in price target by a reputable analyst suggests a tempered expectation for i3 Verticals' stock performance in the near term. This could lead to a negative investor sentiment and potentially a decrease in stock price as market participants adjust their expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100