Roth MKM Maintains Buy on First Wave BioPharma, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Jonathan Aschoff has maintained a Buy rating on First Wave BioPharma (NASDAQ:FWBI) but has lowered the price target from $40 to $36.
March 15, 2024 | 1:49 pm
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NEUTRAL IMPACT
Roth MKM maintains a Buy rating on First Wave BioPharma but lowers the price target from $40 to $36.
While the reduction in the price target from $40 to $36 by Roth MKM could suggest a tempered outlook on First Wave BioPharma's short-term price potential, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the reaffirmed positive rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100