B. Riley Securities Maintains Neutral on Zumiez, Raises Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has maintained a Neutral rating on Zumiez (NASDAQ:ZUMZ) while raising the price target from $20 to $25.
September 06, 2024 | 3:21 pm
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B. Riley Securities has maintained a Neutral rating on Zumiez, but increased the price target from $20 to $25, indicating a more positive outlook.
The increase in price target from $20 to $25 suggests a more optimistic view on Zumiez's future performance, which could positively influence investor sentiment and potentially lead to a short-term price increase. However, the Neutral rating indicates that the analyst does not see a strong buy or sell opportunity, which tempers the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100