RCM Technologies price target raised to $33 from $28 at Benchmark

Benchmark raised the firm’s price target on RCM Technologies to $33 from $28 and keeps a Buy rating on the shares. Following a “solid” Q3 report and positive indications for 2024, the firm believes the stock “deserves a significantly higher valuation.” A catalyst could be the upcoming rebalancing of the Russell 2000, which the firm believes that RCM now qualifies for, the analyst tells investors.