Piper Sandler Downgrades Sonendo to Neutral, Lowers Price Target to $1
Portfolio Pulse from richadhand@benzinga.com
Piper Sandler analyst Jason Bednar has downgraded Sonendo (NYSE:SONX) from Overweight to Neutral and lowered the price target from $2.5 to $1.
August 10, 2023 | 9:30 am
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NEGATIVE IMPACT
Sonendo's stock rating has been downgraded by Piper Sandler from Overweight to Neutral, with a lowered price target of $1.
The downgrade from Piper Sandler is likely to negatively impact Sonendo's stock in the short term. The lowered price target suggests that the analyst sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100