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 (UBX) but lowers the price target from $10 to $8.
April 17, 2024 | 9:53 am
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Unity Biotechnology's price target was reduced 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 price performance. However, maintaining a Buy rating indicates a positive view on the company's long-term prospects. This mixed signal could lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the news.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100