Canaccord Genuity Maintains Buy on Arcturus Therapeutics, Lowers Price Target to $86
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Whitney Ijem maintains a Buy rating on Arcturus Therapeutics (NASDAQ:ARCT) but lowers the price target from $87 to $86.

May 10, 2024 | 6:31 pm
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Canaccord Genuity maintains a Buy rating on Arcturus Therapeutics but lowers the price target from $87 to $86, indicating a slight adjustment in valuation but overall positive outlook.
The adjustment in price target by Canaccord Genuity reflects a minor change in valuation assumptions or expectations for Arcturus Therapeutics. While the reduction is minimal, it suggests a slight recalibration of future prospects. However, maintaining a Buy rating indicates a continued positive outlook on the company's performance. This could lead to a neutral short-term impact on the stock as the market digests the slight adjustment in expectations against the backdrop of an overall positive recommendation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100