Needham Maintains Buy on Shattuck Labs, Lowers Price Target to $12
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Gil Blum maintains a 'Buy' rating on Shattuck Labs (NASDAQ:STTK), but lowers the price target from $14 to $12.

August 11, 2023 | 10:01 am
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Shattuck Labs' price target has been lowered from $14 to $12 by Needham, though the 'Buy' rating is maintained.
The news directly pertains to Shattuck Labs. While the 'Buy' rating is maintained, the lowering of the price target might indicate a potential slowdown in growth or increased risk, which could impact investor sentiment and the stock's short-term performance. However, the maintained 'Buy' rating suggests that the analyst still sees potential upside, which could balance out the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100