HC Wainwright & Co. Maintains Buy on NioCorp Developments, Lowers Price Target to $8.5
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. has maintained its Buy rating on NioCorp Developments (NASDAQ:NB) but has lowered the price target from $12 to $8.5.
May 22, 2024 | 11:24 am
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NEUTRAL IMPACT
HC Wainwright & Co. has maintained its Buy rating on NioCorp Developments but has lowered the price target from $12 to $8.5.
The Buy rating suggests continued confidence in the company's prospects, but the lowered price target indicates a more cautious outlook on its short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100