HC Wainwright & Co. Maintains Buy on Verona Pharma, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Raghuram Selvaraju maintains a Buy rating on Verona Pharma (NASDAQ:VRNA) but lowers the price target from $33 to $30.

May 13, 2024 | 2:54 pm
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NEUTRAL IMPACT
Verona Pharma's Buy rating is maintained by HC Wainwright & Co., but the price target is reduced from $33 to $30.
While the maintenance of a Buy rating suggests continued confidence in Verona Pharma's fundamentals, the reduction in price target could reflect a reassessment of near-term growth prospects or market conditions. This mixed signal might lead to short-term price volatility as investors digest the implications.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100