Radiant Logistics price target lowered to $11 from $13 at Lake Street

Lake Street analyst Mark Argento lowered the firm’s price target on Radiant Logistics to $11 from $13 and keeps a Buy rating on the shares. Noting that Radiant is "now fully up-to-date with its filings," the firm has revamped its model based on the reported results, adjusting estimates for the March/June quarters and introducing FY24 estimates. Radiant boasts no net debt and significant free cash flow and with the non-material restatement issue resolved, "we’re confident that the stock is a smart buy at present levels," Lake Street said.