HC Wainwright & Co. Maintains Buy on Clene, Adjusts Price Target To $31 (1-20 Reverse Stock Split)
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Joseph Pantginis maintains a Buy rating on Clene (NASDAQ:CLNN) and adjusts the price target to $31 from $7 following a 1-20 reverse stock split.
August 09, 2024 | 9:40 pm
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HC Wainwright & Co. analyst Joseph Pantginis maintains a Buy rating on Clene and adjusts the price target to $31 from $7 following a 1-20 reverse stock split.
The maintenance of a Buy rating and a significant price target adjustment following a reverse stock split are positive signals for investors. The reverse stock split may improve the stock's appeal to institutional investors and the higher price target suggests confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100