Roth MKM Maintains Buy on American Res, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Mike Niehuser maintains a Buy rating on American Res (NASDAQ:AREC) but lowers the price target from $5 to $4.
September 30, 2024 | 1:14 pm
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Roth MKM's analyst Mike Niehuser continues to recommend buying American Res (NASDAQ:AREC) but has reduced the price target from $5 to $4, indicating a more cautious outlook.
The maintained Buy rating suggests continued confidence in the stock's potential, but the lowered price target reflects a more cautious stance, possibly due to market conditions or company performance. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100