Brookline Capital Downgrades Procaps Gr to Hold, Announces $4.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Brookline Capital analyst Kemp Dolliver has downgraded Procaps Gr (NASDAQ:PROC) from Buy to Hold and set a price target of $4.5.
September 06, 2023 | 8:43 am
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NEGATIVE IMPACT
Procaps Gr has been downgraded from Buy to Hold by Brookline Capital, with a new price target of $4.5.
The downgrade from Buy to Hold suggests that the analyst believes the stock may not have significant upside potential in the near term. The new price target of $4.5 could also indicate that the analyst sees limited growth potential. This could negatively impact the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100