Cantor Fitzgerald Maintains Overweight on Elutia, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Ross Osborn maintains an Overweight rating on Elutia (NASDAQ:ELUT) but lowers the price target from $6 to $5.

May 10, 2024 | 3:05 pm
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NEUTRAL IMPACT
Cantor Fitzgerald's adjustment of Elutia's price target from $6 to $5, while maintaining an Overweight rating, suggests a positive outlook albeit with moderated expectations.
The reduction in price target could lead to short-term negative sentiment as it suggests a downward adjustment in expectations. However, maintaining an Overweight rating indicates a continued positive outlook on the stock, which could mitigate any negative impact. The analyst's view is influential but the adjustment is moderate, suggesting a balanced short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100