HC Wainwright & Co. Maintains Buy on Cullinan Oncology, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Edward White maintains a Buy rating on Cullinan Oncology (NASDAQ:CGEM) but lowers the price target from $34 to $29.
April 16, 2024 | 4:54 pm
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Cullinan Oncology's Buy rating is maintained by HC Wainwright & Co., though the price target is reduced from $34 to $29.
While the maintenance of a Buy rating indicates continued confidence in Cullinan Oncology's potential, 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 stabilizing the stock price as the market digests the new target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100