HC Wainwright & Co. Maintains Buy on Galecto, Lowers Price Target to $2
Portfolio Pulse from richadhand@benzinga.com
HC Wainwright & Co. analyst Raghuram Selvaraju maintains a 'Buy' rating on Galecto (NASDAQ:GLTO) but lowers the price target from $12 to $2.
August 21, 2023 | 10:26 am
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HC Wainwright & Co. maintains a 'Buy' rating on Galecto but lowers the price target from $12 to $2.
The lowered price target from $12 to $2 by HC Wainwright & Co. indicates a bearish outlook for Galecto in the short term. Despite maintaining a 'Buy' rating, the significant reduction in price target could negatively impact investor sentiment and potentially lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100