Jefferies Maintains Buy on ProKidney, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Kelly Shi maintains a Buy rating on ProKidney (NASDAQ:PROK) but lowers the price target from $15 to $6.
June 10, 2024 | 6:17 pm
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Jefferies analyst Kelly Shi maintains a Buy rating on ProKidney but significantly lowers the price target from $15 to $6.
The significant reduction in the price target from $15 to $6 suggests a more cautious outlook on ProKidney'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