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.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100