Rosenblatt Maintains Buy on Harmonic, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Steve Frankel maintains a Buy rating on Harmonic (NASDAQ:HLIT) but lowers the price target from $18 to $16.
October 29, 2024 | 1:29 pm
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Rosenblatt's analyst Steve Frankel continues to recommend buying Harmonic stock but has reduced the price target from $18 to $16, indicating a more cautious outlook.
The maintained Buy rating suggests continued confidence in Harmonic's prospects, 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