B. Riley analyst Josh Nichols raised the firm’s price target on RF Industries (RFIL) to $9.25 from $6.25 and keeps a Buy rating on the shares following the fiscal Q3 report. The company beat estimates across the board as its diversification strategy delivers, the analyst tells investors in a research note. However, the firm says RF’s outlook for float growth in Q4 tempered the recent rally.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RFIL: