Roth MKM Maintains Buy on Allient, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Gerry Sweeney maintains a Buy rating on Allient (NASDAQ:ALNT) but lowers the price target from $42 to $39.
May 22, 2024 | 1:24 pm
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Roth MKM analyst Gerry Sweeney maintains a Buy rating on Allient but lowers the price target from $42 to $39.
The maintained Buy rating suggests continued confidence in Allient's performance, but the lowered price target indicates some caution about its short-term prospects. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100