Cantor Fitzgerald Maintains Overweight on Nano X Imaging, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Ross Osborn has maintained an Overweight rating on Nano X Imaging (NASDAQ:NNOX) but reduced the price target from $30 to $24.

November 29, 2023 | 2:35 pm
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Cantor Fitzgerald has maintained an Overweight rating on Nano X Imaging but lowered the price target from $30 to $24, indicating a positive outlook but with reduced expectations.
The maintenance of an Overweight rating suggests that Cantor Fitzgerald still has a positive view on Nano X Imaging's prospects. However, the reduction in the price target could reflect a reassessment of the company's potential growth or market conditions, leading to a more conservative valuation. This news is likely to be taken as a mixed signal by investors, with the positive rating being tempered by the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100