Piper Sandler Maintains Overweight on Edap TMS, Lowers Price Target to $9-Report released on 9th Nov 2023
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Jason Bednar has maintained an Overweight rating on Edap TMS (NASDAQ:EDAP) but reduced the price target from $14 to $9. The report was released on November 9, 2023.
November 10, 2023 | 10:18 pm
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Piper Sandler has maintained an Overweight rating on Edap TMS but has lowered the price target from $14 to $9, indicating a potential downside compared to the previous target.
The reduction in the price target by Piper Sandler suggests that there may be factors that could limit the stock's upside potential or increase risks. This could lead to a negative short-term impact on the stock price as investors adjust their expectations based on the new analyst target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100