HC Wainwright & Co. Maintains Buy on Trevena, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Douglas Tsao maintains a Buy rating on Trevena (NASDAQ:TRVN) but lowers the price target from $9 to $5.
May 16, 2024 | 3:19 pm
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HC Wainwright & Co. analyst Douglas Tsao maintains a Buy rating on Trevena but lowers the price target from $9 to $5.
The lowered price target from $9 to $5 suggests a less optimistic outlook for Trevena's stock performance, which could lead to a short-term decline in its stock price despite the maintained Buy rating.
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