Piper Sandler Maintains Overweight on Penumbra, Lowers Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Matt O'Brien has maintained an Overweight rating on Penumbra (NYSE:PEN) but lowered the price target from $335 to $250.

November 03, 2023 | 8:56 pm
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NEUTRAL IMPACT
Piper Sandler has maintained an Overweight rating on Penumbra but lowered the price target from $335 to $250.
The news is directly related to Penumbra and is likely to influence investor sentiment. While the Overweight rating is positive, the reduction in price target may create some uncertainty. However, the impact on the stock price is not clear cut and could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100