Canaccord Genuity Maintains Buy on Cybin, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Sumant Kulkarni has maintained a 'Buy' rating on Cybin (AMEX:CYBN) but lowered the price target from $6 to $5.
August 11, 2023 | 12:11 pm
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Canaccord Genuity has maintained a 'Buy' rating on Cybin but lowered the price target from $6 to $5.
The news is directly about Cybin. The maintained 'Buy' rating indicates continued confidence in the company, which could be positive for the stock. However, the lowered price target might indicate a reduced growth expectation, which could have a neutral to slightly negative impact in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100