Cantor Fitzgerald Maintains Overweight on Ocugen, Lowers Price Target to $2
Portfolio Pulse from richadhand@benzinga.com
Cantor Fitzgerald analyst Jennifer Kim has maintained an Overweight rating on Ocugen (NASDAQ:OCGN) but lowered the price target from $2.5 to $2.
August 31, 2023 | 2:20 pm
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Cantor Fitzgerald has maintained an Overweight rating on Ocugen but lowered the price target from $2.5 to $2.
The lowering of the price target by Cantor Fitzgerald could potentially lead to a decrease in the stock price of Ocugen in the short term as it indicates a lower valuation for the company. However, the maintenance of the Overweight rating suggests that the analyst still sees potential upside in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100