Canaccord Genuity Maintains Buy on Intuitive Machines, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Austin Moeller maintains a 'Buy' rating on Intuitive Machines (NASDAQ:LUNR), but has lowered the price target from $19 to $16.
August 15, 2023 | 1:47 pm
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Intuitive Machines' price target has been lowered from $19 to $16 by Canaccord Genuity, though the 'Buy' rating is maintained.
The news is directly about Intuitive Machines (LUNR). While the lowering of the price target might seem negative, the maintenance of the 'Buy' rating indicates that the analyst still sees potential in the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100