Cantor Fitzgerald Maintains Overweight on Prenetics Global, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Ross Osborn maintains an Overweight rating on Prenetics Global (NASDAQ:PRE) but lowers the price target from $10 to $9.
April 04, 2024 | 1:57 pm
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Cantor Fitzgerald maintains an Overweight rating on Prenetics Global but lowers the price target from $10 to $9.
The adjustment in price target by a reputable analyst firm like Cantor Fitzgerald, while maintaining an Overweight rating, suggests a positive outlook on the company's fundamentals but with a slightly moderated growth expectation. This could lead to a neutral short-term impact on the stock as investors digest the mixed signals of confidence in the company's prospects against a lower price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100