UBS Maintains Neutral on American Well, Lowers Price Target to $0.6
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Kevin Caliendo maintains a Neutral rating on American Well (NYSE:AMWL) but lowers the price target from $1.5 to $0.6.
May 23, 2024 | 2:19 pm
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NEGATIVE IMPACT
UBS analyst Kevin Caliendo maintains a Neutral rating on American Well (NYSE:AMWL) but significantly lowers the price target from $1.5 to $0.6.
The significant reduction in the price target from $1.5 to $0.6 by UBS suggests a negative outlook on American Well's future performance. This is likely to put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100