HC Wainwright & Co. Maintains Buy on Olema Pharmaceuticals, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Emily Bodnar maintains a Buy rating on Olema Pharmaceuticals (NASDAQ:OLMA) but lowers the price target from $28 to $25.
March 12, 2024 | 10:40 am
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Olema Pharmaceuticals maintains a Buy rating by HC Wainwright & Co., though the price target was reduced from $28 to $25.
The maintenance of a Buy rating suggests a positive outlook on Olema Pharmaceuticals by HC Wainwright & Co., indicating confidence in the company's future performance. However, the reduction in the price target from $28 to $25 could reflect a reassessment of the company's near-term growth prospects or market conditions, potentially leading to a neutral short-term impact on the stock price as investors digest both the reaffirmation of the Buy rating and the lowered price expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100