Needham Maintains Buy on Ultra Clean Hldgs, Lowers Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Charles Shi maintains a Buy rating on Ultra Clean Holdings (NASDAQ:UCTT) but lowers the price target from $50 to $44.
October 29, 2024 | 10:45 am
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Needham analyst Charles Shi continues to recommend buying Ultra Clean Holdings (UCTT) but has reduced the price target from $50 to $44, indicating a more cautious outlook.
The maintained Buy rating suggests continued confidence in UCTT's potential, but the lowered price target reflects a more cautious stance, likely due to market conditions or company performance. This mixed signal may result in a neutral short-term impact on the stock price.
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