MATW Similar Chart Price Prediction
The price of MATW is predicted to go up -3.11%, based on the high correlation periods with DRUG. The similarity of these two price pattern on the periods is 96.57%.
MATW
DRUG
Down: -3.11%Similarity: 96.57%
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MATW Analyst's Forecast
Liam Burke
B. Riley Securities
Strong Buy
2024-09-26
Price Target
$54 → $40
Upside
+75.52%
B. Riley lowered the firm's price target on Matthews to $40 from $54 and keeps a Buy rating on the shares. The company's Memorialization and SGK Brand Solutions businesses are performing in line with expectations, but a larger percentage of orders for Industrial will be deferred into fiscal 2025, the analyst tells investors in a research note. The firm cites a lower contribution from Industrial Technology in 2024 for the target cut. Matthews shares are now trading for less than what the Memorialization and SGK businesses are worth, net of overhead expenses, with no value assigned to Industrial Technology, adds Riley.
