HC Wainwright & Co. Maintains Buy on Unity Biotechnology, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Andrew Fein maintains a Buy rating on Unity Biotechnology (NASDAQ:UBX) but lowers the price target from $10 to $8.
April 16, 2024 | 11:05 am
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NEUTRAL IMPACT
Unity Biotechnology's price target was lowered from $10 to $8 by HC Wainwright & Co., although the Buy rating was maintained.
The reduction in price target by HC Wainwright & Co. reflects a more cautious outlook on Unity Biotechnology's future stock performance, despite maintaining a Buy rating. This could lead to mixed reactions in the market, with some investors seeing the lowered target as a sign of potential challenges ahead, while others may focus on the continued positive rating. The net impact on the stock's short-term price movement is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100