B. Riley Securities Downgrades Iteris to Neutral, Lowers Price Target to $7.2
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has downgraded Iteris (NASDAQ:ITI) from Buy to Neutral and reduced the price target from $8 to $7.2.
August 21, 2024 | 9:30 am
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B. Riley Securities downgraded Iteris from Buy to Neutral and lowered the price target to $7.2, indicating a less optimistic outlook.
The downgrade from Buy to Neutral by B. Riley Securities suggests a less favorable view on Iteris' stock, which could lead to a short-term decline in its price. The lowered price target further supports this negative sentiment.
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