Mizuho Maintains Buy on EyePoint Pharmaceuticals, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Graig Suvannavejh maintains a Buy rating on EyePoint Pharmaceuticals (EYPT) but lowers the price target from $39 to $30.
May 07, 2024 | 11:05 am
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NEUTRAL IMPACT
Mizuho maintains a Buy rating on EyePoint Pharmaceuticals but lowers the price target from $39 to $30.
While the reduction in price target could suggest a tempered outlook on the stock's short-term price potential, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the reaffirmed positive rating.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100