HC Wainwright & Co. Maintains Buy on Leap Therapeutics, Lowers Price Target to $5.5
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Swayampakula Ramakanth maintains a Buy rating on Leap Therapeutics (NASDAQ:LPTX) but lowers the price target from $7 to $5.5.
May 14, 2024 | 11:49 am
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NEUTRAL IMPACT
Leap Therapeutics' Buy rating is maintained by HC Wainwright & Co., though the price target is reduced from $7 to $5.5.
The maintenance of a Buy rating indicates continued analyst confidence in Leap Therapeutics' fundamentals, potentially offsetting the negative sentiment from a lowered price target. The reduction in price target might reflect adjustments in valuation models or market conditions, but the Buy rating suggests an overall positive outlook. Investors may view the price target adjustment as a recalibration rather than a loss of faith, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100