Oppenheimer Reiterates Outperform on Mind Medicine, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Francois Brisebois has reiterated an Outperform rating on Mind Medicine (MNMD) but lowered the price target from $29 to $20.

May 13, 2024 | 12:34 pm
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Oppenheimer maintains an Outperform rating on Mind Medicine but reduces the price target from $29 to $20.
While the reiteration of an Outperform rating by Oppenheimer suggests continued confidence in Mind Medicine's potential, the reduction in the price target could signal a recalibration of expectations regarding the company's near-term performance. This mixed signal might lead to a neutral short-term impact on the stock as investors weigh the positive outlook against the lowered price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100