HC Wainwright & Co. Maintains Buy on AEterna Zentaris, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Raghuram Selvaraju has maintained a Buy rating on AEterna Zentaris (NASDAQ:AEZS) but reduced the price target from $28 to $15.
November 13, 2023 | 4:23 pm
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NEGATIVE IMPACT
AEterna Zentaris's price target has been lowered from $28 to $15 by HC Wainwright & Co., although the Buy rating is maintained.
The reduction in price target by HC Wainwright & Co. could lead to a negative short-term sentiment among investors, as it suggests a lower expected future stock price for AEterna Zentaris. However, the maintenance of a Buy rating indicates the analyst still sees long-term value in the company, which may mitigate some negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100