Baird Maintains Outperform on Penumbra, Lowers Price Target to $180
Portfolio Pulse from Benzinga Newsdesk
Baird analyst David Rescott maintains an Outperform rating on Penumbra (NYSE:PEN) but lowers the price target from $231 to $180.
July 31, 2024 | 4:13 pm
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Baird analyst David Rescott maintains an Outperform rating on Penumbra but lowers the price target from $231 to $180.
The Outperform rating suggests continued confidence in Penumbra's performance, but the lowered price target indicates some concerns or adjustments in expectations. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100