HC Wainwright & Co. Maintains Buy on Imunon, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Emily Bodnar maintains a Buy rating on Imunon (NASDAQ:IMNN) but lowers the price target from $13 to $12.

May 14, 2024 | 11:00 am
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NEUTRAL IMPACT
Imunon's Buy rating is maintained by HC Wainwright & Co., though the price target is reduced from $13 to $12.
While the maintenance of a Buy rating suggests continued confidence in Imunon's fundamentals and potential growth, the reduction in the price target could reflect adjustments in valuation metrics or market conditions that slightly temper expectations. This mixed signal might lead to a neutral short-term impact on the stock, as positive sentiment from the sustained Buy rating could be offset by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100