HC Wainwright & Co. Maintains Buy on FlexShopper, Lowers Price Target to $2
Portfolio Pulse from richadhand@benzinga.com
HC Wainwright & Co. analyst Scott Buck maintains a 'Buy' rating on FlexShopper (NASDAQ:FPAY) but has lowered the price target from $3 to $2.
August 17, 2023 | 10:28 am
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NEUTRAL IMPACT
Despite the lowered price target, HC Wainwright & Co. maintains a 'Buy' rating on FlexShopper, indicating continued confidence in the company's potential.
The lowered price target could potentially cause some short-term negative sentiment among investors. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100