BMO Capital Maintains Outperform on Schrodinger, Lowers Price Target to $67
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Gary Nachman has maintained an 'Outperform' rating on Schrodinger (NASDAQ:SDGR), but lowered the price target from $78 to $67.
August 04, 2023 | 2:18 pm
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NEGATIVE IMPACT
Schrodinger's price target has been lowered from $78 to $67 by BMO Capital, though the 'Outperform' rating is maintained.
The lowering of the price target by BMO Capital indicates a potential decrease in the stock's value in the short term. However, the maintained 'Outperform' rating suggests that the stock is still expected to outperform the market or its sector, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100