RF Industries price target raised to $4.50 from $4.25 at B. Riley

B. Riley raised the firm’s price target on RF Industries to $4.50 from $4.25 and keeps a Buy rating on the shares following the company’s Q3 report. While noting that revenue and EPS came in below the firm’s forecasts, gross margin of 29.5% came in “notably higher than our 28.6% projection due to a more favorable production mix,” the analyst tells investors.