Craig-Hallum Maintains Buy on Inotiv, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Matt Hewitt has maintained a Buy rating on Inotiv (NASDAQ:NOTV) but has reduced the price target from $34 to $25.

December 12, 2023 | 3:42 pm
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NEUTRAL IMPACT
Inotiv's Buy rating is maintained by Craig-Hallum, but the price target is lowered from $34 to $25, indicating potential undervaluation at current levels but with reduced growth expectations.
While the maintenance of a Buy rating suggests that Craig-Hallum still sees value in Inotiv's stock, the reduction in the price target could imply a reassessment of the company's growth prospects or market conditions. This mixed signal may lead to a neutral short-term impact on the stock price as investors digest both the continued endorsement and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100