Truist Securities Maintains Buy on Cormedix, Lowers Price Target to $14-Report Released on 30 January 2024
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Joon Lee has maintained a Buy rating on Cormedix (NASDAQ:CRMD) but has reduced the price target from $18 to $14, as reported on January 30, 2024.
January 31, 2024 | 6:43 pm
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Truist Securities analyst Joon Lee reaffirms a Buy rating on Cormedix but decreases the price target from $18 to $14.
While the maintenance of a Buy rating is positive, the reduction in the price target could signal a tempered expectation for Cormedix's stock performance. This mixed signal may lead to a neutral short-term impact on the stock price as the market digests both the continued endorsement and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100