B. Riley Securities Maintains Buy on Establishment Labs Hldgs, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Neil Chatterji maintains a 'Buy' rating on Establishment Labs Hldgs (NASDAQ:ESTA) but has lowered the price target from $95 to $50.
November 09, 2023 | 8:35 pm
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Despite the lowered price target, B. Riley Securities maintains a 'Buy' rating on Establishment Labs Hldgs, indicating continued confidence in the company's prospects.
The lowered price target could potentially indicate a perceived decrease in the company's future value. However, the maintained 'Buy' rating suggests that B. Riley Securities still sees potential in the company, which could mitigate any negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100