Wedbush Downgrades Unity Biotechnology to Neutral, Lowers Price Target to $2
Portfolio Pulse from richadhand@benzinga.com
Wedbush analyst Andreas Argyrides downgraded Unity Biotechnology (NASDAQ:UBX) from Outperform to Neutral and lowered the price target from $3 to $2.
June 26, 2023 | 11:05 am
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NEGATIVE IMPACT
Unity Biotechnology (NASDAQ:UBX) was downgraded from Outperform to Neutral by Wedbush analyst Andreas Argyrides, who also lowered the price target from $3 to $2.
The downgrade from Outperform to Neutral by Wedbush analyst Andreas Argyrides indicates a less optimistic outlook for Unity Biotechnology's stock performance. The lowered price target from $3 to $2 also suggests a reduced potential upside for the stock, which may negatively impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100