HC Wainwright & Co. Maintains Buy on Sol-Gel Technologies, Lowers Price Target to $12
Portfolio Pulse from richadhand@benzinga.com
HC Wainwright & Co. analyst Raghuram Selvaraju maintains a 'Buy' rating on Sol-Gel Technologies (NASDAQ:SLGL), but has lowered the price target from $19 to $12.
August 14, 2023 | 10:24 am
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NEUTRAL IMPACT
Despite the lowered price target, Sol-Gel Technologies maintains a 'Buy' rating from HC Wainwright & Co.
The lowered price target could potentially indicate a bearish outlook for Sol-Gel Technologies. However, the maintained 'Buy' rating suggests that HC Wainwright & Co. still sees potential in the company. This mixed signal could lead to uncertainty in the market, potentially keeping the stock price stable in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100