HC Wainwright & Co. Maintains Buy on Century Therapeutics, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Mitchell Kapoor has maintained a Buy rating on Century Therapeutics (NASDAQ:IPSC) but lowered the price target from $13 to $11.
May 10, 2024 | 11:45 am
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Century Therapeutics maintains a Buy rating from HC Wainwright & Co., although the price target has been reduced from $13 to $11.
While the maintenance of a Buy rating by HC Wainwright & Co. reflects a positive outlook on Century Therapeutics, the reduction in the price target from $13 to $11 could signal a tempered expectation for the stock's short-term performance. This adjustment might lead to mixed reactions in the market, with the positive sentiment of the Buy rating potentially offset by concerns over the reasons behind the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100