HC Wainwright & Co. Maintains Buy on Largo, Lowers Price Target to $4.6
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Heiko Ihle maintains a Buy rating on Largo (NASDAQ:LGO) but lowers the price target from $9 to $4.6.
March 25, 2024 | 10:15 am
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Largo's price target was reduced from $9 to $4.6 by HC Wainwright & Co., although the Buy rating was maintained.
While the reduction in price target could suggest a more cautious outlook on Largo's future performance, the maintenance of a Buy rating indicates a continued positive view on the company's potential. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered expectations against the analyst's overall confidence in the company.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100