HC Wainwright & Co. Maintains Buy on Altimmune, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Patrick Trucchio maintains a Buy rating on Altimmune (NASDAQ:ALT) but lowers the price target from $15 to $12.

April 01, 2024 | 4:23 pm
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NEUTRAL IMPACT
Altimmune's price target was reduced from $15 to $12 by HC Wainwright & Co., although the Buy rating was maintained.
The reduction in price target could have a mixed impact on Altimmune's stock price. On one hand, the lowered price target might suggest a tempered outlook, potentially leading to short-term negative sentiment among investors. On the other hand, maintaining a Buy rating indicates a positive view on the company's fundamentals and future prospects. The net effect on the stock price in the short term is uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100