Northland analyst Bobby Brooks raised the firm’s price target on Richardson Electronics (RELL) to $14 from $11 and keeps a Market Perform rating on the shares. Strong Q3 results were “a good step in showcasing a more significant growth roadmap” and the firm has more confidence in future growth. However, the firm maintains a Market Perform rating as the post-print spike “properly reflects the improved outlook,” the analyst tells investors.
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