HC Wainwright & Co. Maintains Buy on Arcadia Biosciences, Lowers Price Target to $15
Portfolio Pulse from richadhand@benzinga.com
HC Wainwright & Co. analyst Raghuram Selvaraju maintains a Buy rating on Arcadia Biosciences (NASDAQ:RKDA) but lowers the price target from $18 to $15.
June 05, 2023 | 10:15 am
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NEUTRAL IMPACT
HC Wainwright & Co. maintains a Buy rating on Arcadia Biosciences (NASDAQ:RKDA) but lowers the price target from $18 to $15.
The news of HC Wainwright & Co. maintaining a Buy rating on Arcadia Biosciences is positive for the stock. However, the lowering of the price target from $18 to $15 may create some uncertainty among investors, potentially offsetting the positive sentiment. As a result, the short-term impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100