RBC Capital Maintains Outperform on Veradigm, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Sean Dodge has maintained an Outperform rating on Veradigm (NASDAQ:MDRX) but has cut the price target from $22 to $11.
January 19, 2024 | 2:06 pm
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RBC Capital analyst Sean Dodge maintains an Outperform rating on Veradigm but reduces the price target from $22 to $11.
The reduction in price target by RBC Capital is likely to negatively impact investor sentiment in the short term, as it suggests a lower expected future stock price. However, the maintenance of an Outperform rating indicates the analyst still sees positive aspects in the company's fundamentals or growth prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100