HC Wainwright & Co. Maintains Buy on Canaan, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Kevin Dede has maintained a Buy rating on Canaan (NASDAQ:CAN) but has reduced the price target from $4 to $3.
November 29, 2023 | 11:08 am
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NEGATIVE IMPACT
HC Wainwright & Co. has maintained a Buy rating on Canaan but lowered the price target from $4 to $3, indicating a potential downside compared to the previous target.
The reduction in price target by HC Wainwright & Co. suggests that they see less upside potential for Canaan's stock price in the short term, which could lead to negative investor sentiment and a potential decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100