TD Cowen Downgrades 22nd Century Group to Market Perform, Lowers Price Target to $2.5
Portfolio Pulse from richadhand@benzinga.com
TD Cowen analyst Vivien Azer has downgraded 22nd Century Group (NASDAQ:XXII) from Outperform to Market Perform and lowered the price target from $5 to $2.5.
August 15, 2023 | 9:43 am
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22nd Century Group has been downgraded by TD Cowen and its price target has been lowered, which could negatively impact its stock price.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. The downgrade from Outperform to Market Perform and the lowering of the price target from $5 to $2.5 by TD Cowen could lead to a decrease in investor confidence in 22nd Century Group, potentially leading to a short-term decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100