HC Wainwright & Co. Maintains Buy on Fennec Pharmaceuticals, Lowers Price Target to $17
Portfolio Pulse from richadhand@benzinga.com
HC Wainwright & Co. analyst Raghuram Selvaraju maintains a 'Buy' rating on Fennec Pharmaceuticals (NASDAQ:FENC) but lowers the price target from $18 to $17.

August 04, 2023 | 3:06 pm
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Fennec Pharmaceuticals' price target has been lowered from $18 to $17 by HC Wainwright & Co., though the 'Buy' rating is maintained.
The lowering of the price target by HC Wainwright & Co. could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could counterbalance the negative sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100