B. Riley Securities Maintains Buy on Matthews International, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has maintained a Buy rating on Matthews International (NASDAQ:MATW) but has lowered the price target from $54 to $40.
September 26, 2024 | 5:00 pm
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NEUTRAL IMPACT
B. Riley Securities has maintained a Buy rating on Matthews International but reduced the price target from $54 to $40, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in the stock, but the lowered price target indicates a more cautious outlook, likely due to revised expectations or market conditions. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100