Alliance Global Partners Maintains Buy on Profound Medical, Lowers Price Target to $12.75
Portfolio Pulse from Benzinga Newsdesk
Alliance Global Partners analyst Ben Haynor has maintained a Buy rating on Profound Medical (NASDAQ:PROF) but has reduced the price target from $14.25 to $12.75.

January 04, 2024 | 2:05 pm
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Alliance Global Partners maintains a Buy rating on Profound Medical but lowers the price target from $14.25 to $12.75.
The reduction in price target may suggest a tempered expectation for Profound Medical's stock performance, but the maintenance of a Buy rating indicates a continued positive outlook. The impact is likely to be neutral to slightly negative in the short term as investors digest the mixed signals of a lower price target with a maintained Buy rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100