Barrington Research Maintains Outperform on Proficient Auto Logistics, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Barrington Research has maintained an 'Outperform' rating on Proficient Auto Logistics (NASDAQ:PAL) but has lowered the price target from $22 to $17.
October 17, 2024 | 5:47 pm
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Barrington Research has maintained an 'Outperform' rating on Proficient Auto Logistics but has lowered the price target from $22 to $17, indicating a more cautious outlook.
The maintenance of an 'Outperform' rating suggests continued confidence in the company's performance, but the lowered price target indicates a more cautious outlook, likely due to market conditions or company-specific factors. This could lead to a short-term negative impact on the stock price as investors adjust expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100