Piper Sandler Maintains Underweight on Invitae, Lowers Price Target to $0.5
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst David Westenberg has maintained an Underweight rating on Invitae (NYSE:NVTA) and lowered the price target from $1.5 to $0.5.
August 15, 2023 | 3:40 pm
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Piper Sandler has maintained an Underweight rating on Invitae and lowered the price target from $1.5 to $0.5, which could negatively impact the stock's price.
The lowered price target indicates that the analyst believes the stock is overvalued at current levels. This could lead to selling pressure and a potential decrease in the stock's price in the short term.
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IMPORTANCE 80
RELEVANCE 100