HC Wainwright & Co. Maintains Buy on Adicet Bio, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Edward White maintains a Buy rating on Adicet Bio (NASDAQ:ACET) but lowers the price target from $26 to $10.
February 02, 2024 | 3:27 pm
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NEGATIVE IMPACT
Adicet Bio's price target was reduced from $26 to $10 by HC Wainwright & Co., although the Buy rating was maintained.
The significant reduction in the price target for Adicet Bio suggests a downward revision in the expected performance or valuation of the company, which could lead to short-term negative sentiment among investors. However, the maintenance of a Buy rating indicates underlying positive aspects or potential that the analyst sees in the company. The mixed signals could result in short-term volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100