Cantor Fitzgerald Reiterates Overweight on Fortress Biotech, Maintains $5 Price Target
Portfolio Pulse from richadhand@benzinga.com
Cantor Fitzgerald analyst Jennifer Kim has reiterated an Overweight rating on Fortress Biotech (NASDAQ:FBIO) and maintained a $5 price target.
August 15, 2023 | 2:28 pm
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NEUTRAL IMPACT
Fortress Biotech's stock rating has been reiterated as Overweight by Cantor Fitzgerald, with a maintained price target of $5.
The reiteration of an Overweight rating and a maintained price target by a reputable analyst like Jennifer Kim from Cantor Fitzgerald is a positive signal for Fortress Biotech. However, as this is a reiteration and not a change, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100