HC Wainwright & Co. Maintains Buy on Rani Therapeutics Hldgs, Lowers Price Target to $20
Portfolio Pulse from richadhand@benzinga.com
HC Wainwright & Co. analyst Mitchell Kapoor maintains a 'Buy' rating on Rani Therapeutics Hldgs (NASDAQ:RANI) but lowers the price target from $22 to $20.

August 14, 2023 | 10:33 am
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NEUTRAL IMPACT
Rani Therapeutics Hldgs' price target has been lowered from $22 to $20 by HC Wainwright & Co., though the 'Buy' rating is maintained.
The news directly pertains to Rani Therapeutics Hldgs (RANI). The lowering of the price target might indicate a slightly less optimistic outlook for the company's stock, but the maintained 'Buy' rating suggests that the analyst still sees potential for growth. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100