Wedbush Maintains Outperform on Adicet Bio, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Robert Driscoll has maintained an 'Outperform' rating on Adicet Bio (NASDAQ:ACET) but lowered the price target from $17 to $5.
November 09, 2023 | 3:43 pm
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Adicet Bio's price target has been lowered from $17 to $5 by Wedbush, although the 'Outperform' rating is maintained.
The significant reduction in price target by a respected analyst could negatively impact investor sentiment and potentially lead to a short-term decrease in Adicet Bio's stock price. However, the maintained 'Outperform' rating suggests that the analyst still sees potential in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100