Richardson Electronics price target raised to $10 from $9 at Northland

Northland raised the firm’s price target on Richardson Electronics (RELL) to $10 from $9 and keeps a Market Perform rating on the shares. The firm is raising its multiple that is now being applied to Richardson’s current fiscal-year estimates, noting increasing positive investor sentiment, but keeps a Market Perform rating as it awaits “more tangible execution on growth initiatives to flow through financially.”