Craig-Hallum Maintains Buy on Allient, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Greg Palm maintains a Buy rating on Allient (NASDAQ:ALNT) but lowers the price target from $41 to $30.

August 09, 2024 | 4:11 pm
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Craig-Hallum analyst Greg Palm maintains a Buy rating on Allient but lowers the price target from $41 to $30.
The Buy rating suggests continued confidence in Allient's long-term prospects, but the lowered price target indicates a more cautious short-term outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100