Canaccord Genuity Maintains Buy on Inari Medical, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst William Plovanic maintains a Buy rating on Inari Medical (NASDAQ:NARI) but lowers the price target from $79 to $75.

February 29, 2024 | 12:36 pm
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NEUTRAL IMPACT
Canaccord Genuity maintains a Buy rating on Inari Medical but lowers the price target from $79 to $75.
The adjustment in price target by Canaccord Genuity reflects a slight moderation in their short-term outlook for Inari Medical, possibly due to updated financial analysis or market conditions. However, maintaining a Buy rating indicates a continued positive long-term view on the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors digest both the maintained confidence and the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100