TD Cowen Maintains Buy on NeoGenomics, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Dan Brennan maintains a Buy rating on NeoGenomics (NASDAQ:NEO) but lowers the price target from $21 to $20.

May 01, 2024 | 5:49 pm
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NEUTRAL IMPACT
TD Cowen maintains a Buy rating on NeoGenomics but lowers the price target from $21 to $20.
The adjustment in price target by TD Cowen reflects a slight modification in their valuation assessment of NeoGenomics, while maintaining a positive outlook on the company's stock. This could signal a cautious but still optimistic view on the company's future performance. The direct mention and specific action taken by the analyst (lowering the price target) is highly relevant to NEO's stock, hence the high relevance score. The importance is significant as analyst ratings and price targets can influence market perception and investor behavior. The confidence level is high due to the clear action and rationale provided by the analyst.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100