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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100