RBC Capital Downgrades Societal CDMO to Sector Perform, Lowers Price Target to $1.1
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Sean Dodge downgraded Societal CDMO (NASDAQ:SCTL) from Outperform to Sector Perform and reduced the price target from $1.25 to $1.1.
February 29, 2024 | 12:06 pm
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Societal CDMO was downgraded by RBC Capital from Outperform to Sector Perform with a price target reduction from $1.25 to $1.1.
The downgrade by a major analyst like RBC Capital, coupled with a reduction in price target, typically signals a bearish outlook on the stock, suggesting potential short-term price decline.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100