Piper Sandler Maintains Underweight Rating for Invitae: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Piper Sandler has maintained its Underweight rating for Invitae (NYSE:NVTA) and lowered its price target from $1.50 to $0.50. Invitae's shares are currently trading down 5.41% over the last 24 hours, at $1.05 per share.
August 15, 2023 | 5:00 pm
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NEGATIVE IMPACT
Piper Sandler has maintained its Underweight rating for Invitae and lowered its price target, potentially leading to a decrease in Invitae's stock price.
Piper Sandler's decision to maintain its Underweight rating and lower the price target for Invitae indicates a negative outlook for the company's stock. This could lead to a decrease in Invitae's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100