RBC Capital Maintains Outperform on Teladoc Health, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Sean Dodge maintains an Outperform rating on Teladoc Health (TDOC) but lowers the price target from $25 to $18.
April 26, 2024 | 4:08 pm
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RBC Capital maintains an Outperform rating on Teladoc Health but lowers the price target from $25 to $18.
The adjustment in price target by RBC Capital, while maintaining an Outperform rating, suggests a positive outlook on Teladoc Health's fundamentals but acknowledges short-term challenges or valuation adjustments. This could lead to mixed reactions in the market, potentially stabilizing the stock price as investors digest the implications of the lowered price target against the backdrop of an Outperform rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100