SVB Leerink Downgrades CryoPort to Market Perform, Lowers Price Target to $10
Portfolio Pulse from richadhand@benzinga.com
SVB Leerink analyst Puneet Souda has downgraded CryoPort (NASDAQ:CYRX) from Outperform to Market Perform and lowered the price target from $30 to $10.
July 13, 2023 | 10:25 am
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NEGATIVE IMPACT
CryoPort's rating has been downgraded by SVB Leerink from Outperform to Market Perform, with a significant reduction in price target from $30 to $10.
The downgrade from Outperform to Market Perform by SVB Leerink, along with a significant reduction in price target, indicates a less optimistic outlook for CryoPort. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100