B. Riley Securities Maintains Buy on Iris Energy, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has maintained a Buy rating on Iris Energy but lowered the price target from $17 to $12, indicating a more cautious outlook.

September 13, 2024 | 1:14 pm
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B. Riley Securities has maintained a Buy rating on Iris Energy but lowered the price target from $17 to $12, suggesting a more cautious outlook on the stock.
The maintenance of a Buy rating suggests continued confidence in Iris Energy's potential, but the lowered price target indicates a more cautious approach, possibly due to market conditions or company performance. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100