HC Wainwright & Co. Maintains Buy on Endeavour Silver, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Heiko Ihle has maintained a Buy rating on Endeavour Silver (NYSE:EXK) but has reduced the price target from $7.25 to $6.
January 11, 2024 | 12:47 pm
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NEUTRAL IMPACT
Endeavour Silver's Buy rating is maintained by HC Wainwright & Co., but the price target is lowered from $7.25 to $6, indicating potential upside but with caution.
The maintenance of a Buy rating suggests that HC Wainwright & Co. still sees value in Endeavour Silver, implying a positive outlook. However, the reduction in the price target could reflect a more conservative view on the stock's future performance, possibly due to market conditions or company-specific factors not detailed in the article. This mixed signal is likely to have a neutral short-term impact on the stock as the positive recommendation is counterbalanced by the lowered price expectation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100