TD Cowen lowered the firm’s price target on Kore Group to $2 from $4 and keeps an Outperform rating on the shares. The firm said its mixed earnings were overshadowed by a favorable resolution to the company’s near-term balance sheet woes.
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Read More on KORE:
- Kore Group lowers 2023 revenue view to $280M-$290M from $300M-$310M
- Kore Group reports Q3 EPS ex-items (20c), consensus (10c)
- KORE Reports Third Quarter 2023 Results: Announces Successful Refinancing and Preferred Stock Issuance Transactions
- Kore Group price target lowered to $5 from $7.50 at Northland
