B. Riley Securities Maintains Neutral Rating for Universal Electronics: Here's What You Need To Know

B. Riley Securities has decided to maintain its Neutral rating of Universal Electronics UEIC and raise its price target from $9.00 to $10.50.

Shares of Universal Electronics are trading down 6.07% over the last 24 hours, at $8.35 per share.

A move to $10.50 would account for a 25.75% increase from the current share price.

About Universal Electronics

Universal Electronics Inc is a United States-based company that is principally engaged in developing and manufacturing a series of electronic products, including wireless control products, audio-video accessories, intelligent wireless automation components, and software. The company focuses on the subscription broadcast, consumer electronics and residential security markets, with customers consisting of subscription broadcasters, original equipment manufacturer, private-label brands, retailers, pro-security dealers, and companies in the computing industry. The company has a global presence and generates most of its total revenue from the United States.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.