TD Cowen Maintains Buy on Outset Medical, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Joshua Jennings maintains a Buy rating on Outset Medical (NASDAQ:OM) but lowers the price target from $9 to $3.
August 08, 2024 | 6:09 pm
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TD Cowen analyst Joshua Jennings maintains a Buy rating on Outset Medical but significantly lowers the price target from $9 to $3.
The significant reduction in the price target from $9 to $3 suggests a negative outlook on the stock's short-term performance despite the maintained Buy rating. This could lead to a decline in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100