Piper Sandler Maintains Overweight on Beyond Air, Lowers Price Target to $1
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Jason Bednar maintains an Overweight rating on Beyond Air (NASDAQ:XAIR) but lowers the price target from $3.5 to $1.
August 07, 2024 | 11:33 am
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NEGATIVE IMPACT
Piper Sandler maintains an Overweight rating on Beyond Air but significantly lowers the price target from $3.5 to $1.
The significant reduction in the price target from $3.5 to $1 suggests a negative outlook on Beyond Air's short-term performance despite the maintained Overweight rating. This could lead to a decline in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100