Canaccord Genuity Maintains Buy on Penumbra, Lowers Price Target to $176
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Jason Mills maintains a Buy rating on Penumbra (NYSE:PEN) but lowers the price target from $272 to $176.
July 31, 2024 | 12:36 pm
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Canaccord Genuity analyst Jason Mills maintains a Buy rating on Penumbra but lowers the price target from $272 to $176.
The Buy rating suggests continued confidence in Penumbra's long-term prospects, but the significant reduction in the price target indicates concerns about short-term performance or market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100