Craig-Hallum Downgrades ProSomnus to Hold, Announces $1 Price Target
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Alexander Nowak has downgraded ProSomnus (NASDAQ:OSA) from Buy to Hold and set a price target of $1.
November 10, 2023 | 4:27 pm
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NEGATIVE IMPACT
ProSomnus downgraded by Craig-Hallum from Buy to Hold with a $1 price target.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a decrease in stock price. The setting of a low price target ($1) further suggests a bearish outlook on the stock's value.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100