Cantor Fitzgerald Maintains Overweight on Prothena Corp, Lowers Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Charles Duncan has maintained an Overweight rating on Prothena Corp (NASDAQ:PRTA) but reduced the price target from $129 to $87.

January 09, 2024 | 2:08 pm
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Cantor Fitzgerald has maintained an Overweight rating on Prothena Corp but lowered the price target from $129 to $87, indicating a potential downside compared to the previous target.
The reduction in price target by Cantor Fitzgerald, despite maintaining an Overweight rating, suggests that the analyst sees less upside potential for Prothena Corp's stock in the short term. This could lead to a negative investor sentiment and a potential decrease in the stock price as the market adjusts to the new target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100