Raymond James Maintains Strong Buy on Sol-Gel Technologies, Lowers Price Target to $7
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Elliot Wilbur has maintained a 'Strong Buy' rating on Sol-Gel Technologies (NASDAQ:SLGL), but lowered the price target from $9 to $7.
August 11, 2023 | 12:24 pm
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Despite a lowered price target, Sol-Gel Technologies maintains a 'Strong Buy' rating from Raymond James, indicating continued confidence in the company's potential.
The lowered price target may initially seem negative, but the maintained 'Strong Buy' rating indicates that Raymond James still sees significant potential in Sol-Gel Technologies. This could lead to mixed short-term reactions in the stock market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100