Canaccord Genuity Maintains Buy on Morphic Holding, Lowers Price Target to $66
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Edward Nash maintains a Buy rating on Morphic Holding (NASDAQ:MORF) but lowers the price target from $68 to $66.

March 08, 2024 | 5:16 pm
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Canaccord Genuity maintains a Buy rating on Morphic Holding but lowers the price target from $68 to $66.
While the reduction in price target from $68 to $66 by Canaccord Genuity might seem negative, the maintenance of a Buy rating by analyst Edward Nash suggests a continued positive outlook on Morphic Holding's stock. The slight adjustment in price target could reflect minor adjustments in valuation models or market conditions, but the overall bullish stance remains intact. This could lead to a neutral short-term impact on the stock as investors weigh the lowered price target against the reaffirmed confidence in the company's prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100