HC Wainwright & Co. Maintains Buy on SAB Biotherapeutics, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Edward White maintains a Buy rating on SAB Biotherapeutics (NASDAQ:SABS) but lowers the price target from $10 to $6.

April 02, 2024 | 12:40 pm
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NEUTRAL IMPACT
HC Wainwright & Co. maintains a Buy rating on SAB Biotherapeutics but lowers the price target from $10 to $6.
While the maintenance of a Buy rating suggests continued confidence in the company's fundamentals, the reduction in the price target could indicate concerns about near-term challenges or valuation adjustments. This mixed signal might lead to short-term uncertainty among investors, potentially causing volatility in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100