HC Wainwright & Co. Maintains Buy on Portage Biotech, Lowers Price Target to $9
Portfolio Pulse from richadhand@benzinga.com
HC Wainwright & Co. analyst Robert Burns maintains a 'Buy' rating on Portage Biotech (NASDAQ:PRTG) but lowers the price target from $21 to $9.
August 04, 2023 | 10:48 am
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NEGATIVE IMPACT
Portage Biotech's price target has been lowered from $21 to $9 by HC Wainwright & Co., though the 'Buy' rating is maintained.
The lowering of the price target by HC Wainwright & Co. could potentially lead to a negative sentiment among investors, which may put downward pressure on the stock price in the short term. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100