HC Wainwright & Co. Maintains Buy on Sol-Gel Technologies, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Raghuram Selvaraju has maintained a Buy rating on Sol-Gel Technologies (NASDAQ:SLGL) but reduced the price target from $12 to $9.

November 13, 2023 | 4:25 pm
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Sol-Gel Technologies' Buy rating is maintained by HC Wainwright & Co., but the price target is lowered from $12 to $9.
The reduction in price target by a reputable analyst could lead to a negative perception among investors, potentially causing a short-term decline in the stock price. However, the maintenance of a Buy rating suggests underlying confidence in the company's fundamentals, which may mitigate the negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100