Raymond James Maintains Outperform on LumiraDx, Lowers Price Target to $0.8
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Andrew Cooper has maintained an Outperform rating on LumiraDx (NASDAQ:LMDX), but lowered the price target from $1 to $0.8.
August 28, 2023 | 11:19 am
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Raymond James has maintained an Outperform rating on LumiraDx, but lowered the price target from $1 to $0.8.
The lowering of the price target by Raymond James could potentially lead to a decrease in LumiraDx's stock price in the short term. However, the maintained Outperform rating indicates that the analyst still sees potential in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100