Oppenheimer Reiterates Outperform on DiaMedica Therapeutics, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Francois Brisebois has reiterated an Outperform rating on DiaMedica Therapeutics (NASDAQ:DMAC) but lowered the price target from $7 to $6.
March 21, 2024 | 12:43 pm
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Oppenheimer reiterates an Outperform rating on DiaMedica Therapeutics but lowers the price target from $7 to $6.
While the reiteration of an Outperform rating by Oppenheimer indicates continued confidence in DiaMedica Therapeutics, the reduction in the price target from $7 to $6 suggests a slight adjustment in expectations. This could be due to a variety of factors such as market conditions, recent company performance, or updated financial analysis. The impact on the stock price is likely neutral in the short term as the positive sentiment from maintaining an Outperform rating may balance out the negative sentiment from lowering the price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100