Keybanc Maintains Overweight on Progyny, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Scott Schoenhaus has maintained an Overweight rating on Progyny (NASDAQ:PGNY) but lowered the price target from $50 to $45.

November 08, 2023 | 12:45 pm
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Progyny's price target has been lowered from $50 to $45 by Keybanc, although the Overweight rating is maintained.
The news directly pertains to Progyny (PGNY) as Keybanc has lowered its price target for the stock. However, the Overweight rating is maintained, indicating that the analyst still believes the stock will outperform its peers. This could have a neutral impact on the stock's price in the short term as the lowered price target might be seen as a negative, but the maintained Overweight rating could offset this.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100