Benchmark Maintains Buy on Medicine Man Technologies, Lowers Price Target to $2.5
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Mike Hickey maintains a Buy rating on Medicine Man Technologies (OTC:SHWZ) but lowers the price target from $3 to $2.5.

March 28, 2024 | 3:15 pm
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Benchmark analyst Mike Hickey maintains a Buy rating on Medicine Man Technologies but lowers the price target from $3 to $2.5.
While the maintenance of a Buy rating by Benchmark indicates a positive outlook on Medicine Man Technologies, the reduction in the price target from $3 to $2.5 could signal a tempered expectation for the stock's short-term performance. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the positive endorsement against the lowered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100