Wedbush Maintains Outperform on Edgewise Therapeutics, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Laura Chico maintains an Outperform rating on Edgewise Therapeutics (NASDAQ:EWTX) but lowers the price target from $27 to $23.
November 10, 2023 | 1:35 pm
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Wedbush analyst Laura Chico maintains an Outperform rating on Edgewise Therapeutics but lowers the price target from $27 to $23.
The news is directly about Edgewise Therapeutics. The Outperform rating suggests that the analyst expects the stock to do better than the market average, which is a positive signal. However, the lowering of the price target might indicate a reduced growth expectation, which could have a neutral to slightly negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100