HC Wainwright & Co. Maintains Buy on Neurogene, Lowers Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Mitchell Kapoor maintains a Buy rating on Neurogene (NASDAQ:NGNE) but lowers the price target from $55 to $51.

May 13, 2024 | 2:56 pm
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NEUTRAL IMPACT
Neurogene's Buy rating is maintained by HC Wainwright & Co., though the price target is reduced from $55 to $51.
While the maintenance of a Buy rating by a reputable analyst firm like HC Wainwright & Co. can be seen as a positive signal for Neurogene, the reduction in the price target from $55 to $51 might raise concerns among investors about the potential for near-term growth. This mixed signal could lead to a neutral short-term impact on the stock price, as the positive sentiment from the continued endorsement is somewhat offset by the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100