Maxim Group Downgrades Cingulate to Hold
Portfolio Pulse from Benzinga Newsdesk
Maxim Group analyst Naz Rahman has downgraded Cingulate (NASDAQ:CING) from Buy to Hold, indicating a change in the firm's outlook on the stock.

December 18, 2023 | 4:37 pm
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Cingulate's stock rating was downgraded by Maxim Group from Buy to Hold, which may lead to a neutral or slightly negative market reaction in the short term.
Downgrades typically suggest that the analyst sees less upside potential or increased risks, which can lead to a neutral or negative investor sentiment. However, the impact may be moderate as the rating is still Hold, not Sell.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100