HC Wainwright & Co. Downgrades Cassava Sciences to Neutral
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. has downgraded Cassava Sciences (NASDAQ:SAVA) from Buy to Neutral, as per analyst Vernon Bernardino.
July 01, 2024 | 11:03 am
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HC Wainwright & Co. has downgraded Cassava Sciences from Buy to Neutral, which may lead to a short-term negative impact on the stock price.
The downgrade from Buy to Neutral by a reputable analyst firm like HC Wainwright & Co. typically signals a lack of confidence in the stock's near-term performance, which can lead to selling pressure and a decline in the stock price.
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