Lake Street Maintains Buy on CVRx, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Lake Street analyst Frank Takkinen maintains a Buy rating on CVRx (NASDAQ:CVRX) but lowers the price target from $35 to $18.

May 01, 2024 | 7:46 pm
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Lake Street analyst Frank Takkinen maintains a Buy rating on CVRx but lowers the price target from $35 to $18.
The reduction in the price target from $35 to $18 by a reputable analyst could lead to a negative short-term sentiment among investors, potentially causing a decrease in CVRx's stock price. The maintenance of a Buy rating suggests underlying confidence in the company's fundamentals, but the significant cut in the price target is likely to weigh more heavily on investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100