RF Industries price target raised to $9.25 from $6.25 at B. Riley

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.