Chardan Capital Maintains Buy on Immuneering, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Chardan Capital analyst Geulah Livshits maintains a Buy rating on Immuneering (NASDAQ:IMRX) but lowers the price target from $21 to $16.

March 15, 2024 | 11:20 am
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Chardan Capital maintains a Buy rating on Immuneering but lowers the price target from $21 to $16.
While the maintenance of a Buy rating suggests continued confidence in Immuneering's fundamentals, the reduction in price target could indicate a reassessment of the company's near-term growth prospects or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as positive and negative factors balance each other out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100