Stifel Maintains Buy on Sientra, Lowers Price Target to $2-Report released on 12th Nov 2023
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Jonathan Block has maintained a Buy rating on Sientra (NASDAQ:SIEN) but has reduced the price target from $4 to $2 as reported on November 12, 2023.
November 13, 2023 | 3:38 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Stifel analyst Jonathan Block maintains a Buy rating on Sientra but lowers the price target from $4 to $2, indicating a potential downside compared to the previous target.
The reduction in price target by Stifel suggests that there may be factors that could negatively impact Sientra's stock price in the short term. However, the maintenance of a Buy rating indicates that the overall outlook remains positive. The mixed signals could lead to short-term volatility as investors reassess the value of the stock based on the new price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100