HC Wainwright & Co. Maintains Buy on Enlivex Therapeutics, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Raghuram Selvaraju maintains a Buy rating on Enlivex Therapeutics (NASDAQ:ENLV) but lowers the price target from $12 to $7.
April 12, 2024 | 10:43 am
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Enlivex Therapeutics' Buy rating is maintained by HC Wainwright & Co., but the price target is reduced from $12 to $7.
The reduction in price target from $12 to $7 by a reputable analyst firm like HC Wainwright & Co. could lead to a negative short-term sentiment among investors, potentially causing a decrease in the stock price of Enlivex Therapeutics. The maintenance of a Buy rating indicates a positive outlook on the company's fundamentals, but the significant cut in the price target may overshadow this and result in short-term price pressure.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100