Canaccord Genuity Maintains Buy on Fate Therapeutics, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Bill Maughan maintains a Buy rating on Fate Therapeutics (NASDAQ:FATE) but lowers the price target from $11 to $9.
May 10, 2024 | 6:37 pm
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Canaccord Genuity has maintained its Buy rating on Fate Therapeutics but reduced the price target from $11 to $9.
While the maintenance of a Buy rating suggests continued confidence in the company's fundamentals, the reduction in the price target could reflect adjustments in valuation metrics or near-term challenges. This mixed signal might lead to short-term price volatility as investors reassess their expectations based on the new target.
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