Craig-Hallum Maintains Hold on EMCORE, Lowers Price Target to $1
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Richard Shannon maintains a Hold rating on EMCORE (NASDAQ:EMKR) but lowers the price target from $2 to $1.
August 08, 2024 | 4:04 pm
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Craig-Hallum analyst Richard Shannon maintains a Hold rating on EMCORE (NASDAQ:EMKR) but lowers the price target from $2 to $1.
The lowered price target from $2 to $1 by Craig-Hallum suggests a negative outlook on EMCORE's stock performance. This could lead to a short-term decline in the stock price as investors react to the reduced target.
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