Needham Maintains Buy on Faro Technologies, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Needham analyst James Ricchiuti maintains a Buy rating on Faro Technologies (NASDAQ:FARO) but lowers the price target from $27 to $24.
August 09, 2024 | 7:01 pm
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Needham analyst James Ricchiuti maintains a Buy rating on Faro Technologies but lowers the price target from $27 to $24.
The Buy rating suggests continued confidence in the company's long-term prospects, but the lowered price target indicates some short-term concerns or adjustments in valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100