Stifel Maintains Hold on Profound Medical, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Rick Wise maintains a Hold rating on Profound Medical (NASDAQ:PROF) and lowers the price target from $11 to $9.
March 08, 2024 | 3:45 pm
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Stifel analyst Rick Wise maintains a Hold rating on Profound Medical and lowers the price target from $11 to $9.
The reduction in price target by Stifel suggests a bearish outlook on Profound Medical's short-term price potential, likely due to revised expectations on the company's performance. This could lead to negative sentiment among investors, potentially impacting the stock's price negatively in the short term.
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IMPORTANCE 75
RELEVANCE 100