DA Davidson Maintains Buy on Waldencast, Lowers Price Target to $6.5
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Linda Bolton Weiser maintains a Buy rating on Waldencast (NASDAQ:WALD) but lowers the price target from $15.5 to $6.5.
May 28, 2024 | 3:21 pm
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DA Davidson analyst Linda Bolton Weiser maintains a Buy rating on Waldencast but significantly lowers the price target from $15.5 to $6.5.
The significant reduction in the price target from $15.5 to $6.5 suggests a more cautious outlook on Waldencast's future performance, which could negatively impact investor sentiment and the stock price in the short term, despite the maintained Buy rating.
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IMPORTANCE 80
RELEVANCE 100