TD Cowen Maintains Buy on Danimer Scientific, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Thomas Boyes has maintained a Buy rating on Danimer Scientific (DNMR) but lowered the price target from $3 to $2.
April 04, 2024 | 12:02 pm
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NEUTRAL IMPACT
TD Cowen maintains a Buy rating on Danimer Scientific but lowers the price target from $3 to $2.
While the maintenance of a Buy rating indicates continued confidence in the company's fundamentals and potential for growth, the reduction in the price target could reflect adjustments in market conditions or expectations for the company's performance. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100