Canaccord Genuity Downgrades Staar Surgical to Hold, Lowers Price Target to $48
Portfolio Pulse from richadhand@benzinga.com
Canaccord Genuity analyst William Plovanic has downgraded Staar Surgical (NASDAQ:STAA) from Buy to Hold and lowered the price target from $77 to $48.
August 04, 2023 | 12:43 pm
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Staar Surgical's rating has been downgraded from Buy to Hold by Canaccord Genuity, and its price target has been lowered from $77 to $48.
The downgrade from Buy to Hold indicates a less optimistic outlook for the company's stock, which could lead to a decrease in demand and potentially a lower stock price. The lowering of the price target also suggests that the analyst believes the stock is currently overvalued, which could further pressure the stock price.
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