Canaccord Genuity Maintains Buy on AtriCure, Lowers Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst William Plovanic maintains a Buy rating on AtriCure (NASDAQ:ATRC) but lowers the price target from $57 to $49.

May 02, 2024 | 7:10 pm
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Canaccord Genuity maintains a Buy rating on AtriCure but lowers the price target from $57 to $49.
While the Buy rating reaffirms confidence in AtriCure's fundamentals, the reduction in price target could signal a reassessment of near-term growth expectations or market conditions affecting AtriCure. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the implications.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100