TD Cowen Downgrades NanoString Technologies to Market Perform, Lowers Price Target to $1.4
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Dan Brennan downgraded NanoString Technologies (NSTG) from Outperform to Market Perform and reduced the price target from $6 to $1.4, indicating a more cautious view on the company's stock.
November 20, 2023 | 2:48 pm
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NanoString Technologies was downgraded by TD Cowen from Outperform to Market Perform, with a significant reduction in the price target from $6 to $1.4, suggesting a bearish outlook.
The downgrade by a prominent analyst from TD Cowen, along with a substantial decrease in the price target, is likely to negatively impact investor sentiment and the stock price of NanoString Technologies in the short term. The new price target represents a significant decrease from the previous target, which may lead to a loss of confidence among investors and a potential sell-off.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100