Dawson James Maintains Buy on 22nd Century Group, Lowers Price Target to $7.5
Portfolio Pulse from Benzinga Newsdesk
Dawson James analyst James McIlree has maintained a 'Buy' rating on 22nd Century Group (NASDAQ:XXII) but lowered the price target from $10 to $7.5.
August 15, 2023 | 2:54 pm
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22nd Century Group's price target has been lowered from $10 to $7.5 by Dawson James, though the 'Buy' rating is maintained.
The lowering of the price target by Dawson James could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could offset the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100