Craig-Hallum Downgrades Shimmick to Hold, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Aaron Spychalla downgrades Shimmick (NASDAQ:SHIM) from Buy to Hold and lowers the price target from $10 to $4.
May 14, 2024 | 4:40 pm
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Shimmick's downgrade from Buy to Hold by Craig-Hallum and a significant reduction in price target from $10 to $4 could negatively impact investor sentiment and stock price in the short term.
Analyst ratings and price target adjustments are critical factors that influence investor sentiment and stock prices. The downgrade from Buy to Hold suggests a less optimistic outlook on Shimmick's performance, and the significant reduction in the price target may lead to negative investor sentiment, potentially causing a decrease in stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100