HC Wainwright & Co. Maintains Buy on Kiora Pharmaceuticals, Adjusts Price Target To $2
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Yi Chen maintains a Buy rating on Kiora Pharmaceuticals (NASDAQ:KPRX), adjusting the price target to $2 from $3.5.
February 09, 2024 | 11:14 am
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HC Wainwright & Co. maintains a Buy rating on Kiora Pharmaceuticals, with a revised price target of $2, down from $3.5.
The adjustment in price target by HC Wainwright & Co. reflects a change in valuation perspective, possibly due to updated analysis or market conditions. However, maintaining a Buy rating indicates a positive outlook on the stock's potential, suggesting that the analyst sees underlying value despite the lower price target. This could lead to mixed reactions in the short term as investors weigh the lowered target against the continued endorsement.
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