Stifel Downgrades Sonendo to Hold, Lowers Price Target to $0.25
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Jonathan Block downgraded Sonendo (OTC:SONX) from Buy to Hold and reduced the price target from $1 to $0.25.

March 12, 2024 | 9:22 am
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Stifel downgraded Sonendo from Buy to Hold and significantly lowered the price target from $1 to $0.25.
The downgrade from Buy to Hold by a reputable analyst, along with a drastic reduction in price target, suggests a bearish outlook on Sonendo's stock. This could lead to a decrease in investor confidence and a potential drop in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100