HC Wainwright & Co. Maintains Buy on Anavex Life Sciences, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Raghuram Selvaraju has maintained a Buy rating on Anavex Life Sciences (NASDAQ:AVXL) but reduced the price target from $54 to $40.

January 03, 2024 | 1:33 pm
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NEGATIVE IMPACT
Anavex Life Sciences' Buy rating is maintained by HC Wainwright & Co., but the price target is lowered from $54 to $40.
The reduction in price target by HC Wainwright & Co. could lead to a negative short-term sentiment among investors, as it suggests a lower expected future stock price for Anavex Life Sciences. However, the maintenance of a Buy rating indicates the analyst's continued positive outlook on the company's fundamentals, which may mitigate some negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100