Cantor Fitzgerald Maintains Overweight on Iris Energy, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald has maintained an Overweight rating on Iris Energy (NASDAQ:IREN) but has lowered the price target from $23 to $20.
August 29, 2024 | 3:04 pm
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NEUTRAL IMPACT
Cantor Fitzgerald has maintained an Overweight rating on Iris Energy but reduced the price target from $23 to $20, indicating a slightly less optimistic outlook.
The maintenance of an Overweight rating suggests continued confidence in Iris Energy's performance, but the lowered price target indicates a tempered outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100