RBC Capital Maintains Outperform on Aptose Biosciences, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Gregory Renza has maintained an Outperform rating on Aptose Biosciences (NASDAQ:APTO) but reduced the price target from $23 to $18.

November 10, 2023 | 6:54 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
RBC Capital analyst reaffirms Outperform rating on Aptose Biosciences but lowers price target from $23 to $18, indicating a potential upside but with moderated expectations.
While the Outperform rating suggests that RBC Capital still sees Aptose Biosciences as a stock likely to outperform the market or its sector, the reduction in the price target could signal to investors that the expected upside, although still present, may not be as high as previously anticipated. This could lead to a neutral short-term impact on the stock price as the market digests the mixed signals of confidence and adjusted expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100