Jefferies Downgrades CryoPort to Hold, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Matthew Stanton has downgraded CryoPort (NASDAQ:CYRX) from Buy to Hold and lowered the price target from $20 to $8.
August 07, 2024 | 12:13 pm
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Jefferies analyst Matthew Stanton downgraded CryoPort from Buy to Hold and significantly lowered the price target from $20 to $8.
The downgrade from Buy to Hold and the significant reduction in the price target from $20 to $8 by a reputable analyst is likely to negatively impact investor sentiment and the stock price of CryoPort in the short term.
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