Canaccord Genuity Maintains Buy on iRhythm Technologies, Lowers Price Target to $116
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst William Plovanic has maintained a 'Buy' rating on iRhythm Technologies (NASDAQ:IRTC), but lowered the price target from $136 to $116.

August 28, 2023 | 1:20 pm
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iRhythm Technologies' price target has been lowered from $136 to $116 by Canaccord Genuity, though the 'Buy' rating is maintained.
The lowering of the price target by Canaccord Genuity could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintenance of the 'Buy' rating indicates that the analyst still sees potential upside in the stock, which could counterbalance the negative sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100