HC Wainwright & Co. Maintains Buy on Durect, Lowers Price Target to $27
Portfolio Pulse from richadhand@benzinga.com
HC Wainwright & Co. analyst Ed Arce maintains a 'Buy' rating on Durect (NASDAQ:DRRX) but lowers the price target from $32 to $27.

August 10, 2023 | 11:36 am
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NEUTRAL IMPACT
Despite the lowered price target from $32 to $27, HC Wainwright & Co. maintains a 'Buy' rating on Durect, indicating continued confidence in the stock.
The lowering of the price target by HC Wainwright & Co. could potentially create a negative sentiment among investors. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the stock, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100