RF Industries price target raised to $11.25 from $10.25 at B. Riley

B. Riley raised the firm’s price target on RF Industries (RFIL) to $11.25 from $10.25 and keeps a Neutral rating on the shares following the quarterly earnings report. While the margin trajectory and backlog recovery are playing out favorably, the stock trades at a premium to its interconnect and cabling peers, and the current valuation already reflects a solid execution path ahead, the analyst tells investors in a research note.