B of A Securities Maintains Buy on Rani Therapeutics Hldgs, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Geoff Meacham maintains a Buy rating on Rani Therapeutics Hldgs (NASDAQ:RANI) but lowers the price target from $19 to $17.
August 21, 2023 | 3:26 pm
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NEUTRAL IMPACT
Rani Therapeutics Hldgs' price target has been lowered from $19 to $17 by B of A Securities, though the Buy rating is maintained.
The news directly pertains to Rani Therapeutics Hldgs as B of A Securities has lowered its price target for the company. However, the Buy rating is maintained, indicating that the analyst still sees potential in the stock. This could have a neutral impact on the stock's price in the short term as the lowered price target might deter some investors, but the maintained Buy rating could also attract others.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100