HC Wainwright & Co. Maintains Buy on IN8bio, Lowers Price Target to $12.5
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Swayampakula Ramakanth maintains a Buy rating on IN8bio (NASDAQ:INAB) but lowers the price target from $14 to $12.5.

May 13, 2024 | 9:40 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
IN8bio's Buy rating is maintained by HC Wainwright & Co., though the price target is reduced from $14 to $12.5.
The maintenance of a Buy rating suggests a positive outlook on IN8bio by HC Wainwright & Co., indicating confidence in the company's fundamentals or growth prospects. However, the reduction in the price target could reflect adjustments in valuation models, possibly due to revised earnings expectations or market conditions. This mixed signal might lead to short-term uncertainty among investors, balancing the potential impacts on the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100