Canaccord Genuity Maintains Buy on Intuitive Machines, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity has maintained its Buy rating on Intuitive Machines (NASDAQ:LUNR) but lowered the price target from $14 to $11.
May 15, 2024 | 1:32 pm
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Canaccord Genuity has maintained its Buy rating on Intuitive Machines but lowered the price target from $14 to $11. This indicates continued confidence in the company's prospects but suggests a more conservative outlook on its near-term valuation.
The maintained Buy rating suggests that the analyst still sees potential for growth in Intuitive Machines. However, the lowered price target indicates a more cautious approach to its near-term valuation, which could lead to mixed reactions from investors.
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