HC Wainwright & Co. Maintains Buy on Balchem, Lowers Price Target to $135
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Raghuram Selvaraju maintains a 'Buy' rating on Balchem (NASDAQ:BCPC) but lowers the price target from $165 to $135.

October 30, 2023 | 10:53 am
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Balchem's price target has been lowered from $165 to $135 by HC Wainwright & Co., though the 'Buy' rating is maintained.
The lowering of the price target by HC Wainwright & Co. could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100