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B. Riley Securities has decided to maintain its Buy rating of RF Industries (NASDAQ:RFIL) and lower its price target from $6.00 to $4.25.
Shares of RF Industries are trading down 2.77% over the last 24 hours, at $2.81 per share.
A move to $4.25 would account for a 51.25% increase from the current share price.
RF Industries Ltd is engaged in the design, manufacture, and marketing of interconnect products and systems, including coaxial and specialty cables, fiber optic cables and connectors, and electrical and electronic specialty cables. The company operates through two segments: RF Connector and Cable Assembly, which consists of the Connector and Cable Assembly Division, and Custom Cabling Manufacturing and Assembly, which consists of its subsidiaries. The company has operations in the United States, Canada, Israel, and Mexico.
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Posted In: RFIL
