Alliance Global Partners Maintains Buy on Ocuphire Pharma, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Alliance Global Partners analyst James Molloy maintains a Buy rating on Ocuphire Pharma (NASDAQ:OCUP) but lowers the price target from $24 to $20.

March 20, 2024 | 12:10 pm
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Alliance Global Partners maintains a Buy rating on Ocuphire Pharma but lowers the price target from $24 to $20.
While the reduction in price target from $24 to $20 by Alliance Global Partners could suggest a tempered outlook on Ocuphire Pharma's future price performance, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal might lead to a neutral short-term impact on OCUP's stock price as investors weigh the lowered price target against the retained positive rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100