Ladenburg Thalmann Downgrades Dynatronics to Neutral, Lowers Price Target to $3.8
Portfolio Pulse from Benzinga Newsdesk
Ladenburg Thalmann analyst Jeffrey Cohen has downgraded Dynatronics (NASDAQ:DYNT) from Buy to Neutral and lowered the price target from $6.5 to $3.8.
October 09, 2023 | 2:44 pm
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NEGATIVE IMPACT
Dynatronics has been downgraded from Buy to Neutral by Ladenburg Thalmann, with a lowered price target from $6.5 to $3.8.
The downgrade from Buy to Neutral indicates a less optimistic outlook for the company's stock. The significant reduction in price target from $6.5 to $3.8 suggests that the analyst believes the stock is overvalued at its current price, which could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100