BTIG Maintains Buy on Penumbra, Lowers Price Target to $187
Portfolio Pulse from Benzinga Newsdesk
BTIG analyst Ryan Zimmerman maintains a Buy rating on Penumbra (NYSE:PEN) but lowers the price target from $232 to $187.

July 31, 2024 | 6:46 pm
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BTIG analyst Ryan Zimmerman maintains a Buy rating on Penumbra but lowers the price target from $232 to $187.
The Buy rating suggests continued confidence in Penumbra's long-term prospects, but the lowered price target indicates a more cautious short-term outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100