HC Wainwright & Co. Maintains Sell on Hut 8, Raises Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Mike Colonnese maintains a Sell rating on Hut 8 (NASDAQ:HUT) but raises the price target from $7 to $9.
March 28, 2024 | 5:18 pm
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NEGATIVE IMPACT
Sell rating maintained by HC Wainwright & Co. with an increased price target from $7 to $9.
The maintenance of a Sell rating indicates a negative outlook on the stock by the analyst, despite the increase in price target. This could suggest that while the analyst sees some potential for price improvement, the overall assessment of the company's prospects remains bearish. Investors might interpret the raised price target as a slightly improved but still cautious view on the company's future performance, potentially leading to short-term negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100