Truist Securities Maintains Buy on CRISPR Therapeutics, Lowers Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Joon Lee has maintained a Buy rating on CRISPR Therapeutics (NASDAQ:CRSP) but has reduced the price target from $220 to $160.

December 11, 2023 | 4:31 pm
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Truist Securities reaffirmed a Buy rating on CRISPR Therapeutics, although the price target was lowered from $220 to $160, indicating a reduced but still positive outlook.
While the Buy rating reaffirms confidence in CRISPR Therapeutics' prospects, the reduction in the price target may reflect a more cautious view of the company's valuation or growth prospects in the short term. This could lead to mixed reactions in the market, with some investors reassured by the continued endorsement and others concerned by the lower valuation estimate.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100