HC Wainwright & Co. Maintains Buy on Rani Therapeutics Hldgs, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Mitchell Kapoor maintains a 'Buy' rating on Rani Therapeutics Hldgs (NASDAQ:RANI) but lowers the price target from $20 to $16.
November 09, 2023 | 12:34 pm
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NEUTRAL IMPACT
Rani Therapeutics Hldgs' price target has been lowered from $20 to $16 by HC Wainwright & Co., though the 'Buy' rating is maintained.
The news is directly related to Rani Therapeutics Hldgs and is likely to influence investor sentiment. While the 'Buy' rating is maintained, the lowering of the price target may indicate a potential decrease in the stock's value in the short term. However, the impact may be neutral as the 'Buy' rating suggests the stock is still a good investment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100