Goldman Sachs Downgrades Relmada Therapeutics to Sell, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has downgraded Relmada Therapeutics (NASDAQ:RLMD) from Neutral to Sell and lowered the price target from $3 to $2.

June 05, 2024 | 12:22 pm
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NEGATIVE IMPACT
Goldman Sachs has downgraded Relmada Therapeutics from Neutral to Sell and reduced the price target from $3 to $2, indicating a negative outlook.
The downgrade from a major financial institution like Goldman Sachs, along with a lowered price target, suggests a lack of confidence in Relmada Therapeutics' short-term performance. This is likely to result in a negative impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100