HC Wainwright & Co. Maintains Buy on CARISMA Therapeutics, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Mitchell Kapoor maintains a Buy rating on CARISMA Therapeutics (NASDAQ:CARM) but lowers the price target from $11 to $9.

April 02, 2024 | 12:51 pm
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NEUTRAL IMPACT
HC Wainwright & Co. maintains a Buy rating on CARISMA Therapeutics but lowers the price target from $11 to $9.
While the maintenance of a Buy rating suggests continued confidence in CARISMA Therapeutics' fundamentals, the reduction in the price target could reflect adjustments in valuation metrics or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price. However, the overall positive stance is likely to support investor sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100