HC Wainwright & Co. Maintains Buy on Rallybio, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Mitchell Kapoor maintains a Buy rating on Rallybio (NASDAQ:RLYB) but lowers the price target from $9 to $6.
August 12, 2024 | 10:49 am
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HC Wainwright & Co. analyst Mitchell Kapoor maintains a Buy rating on Rallybio but lowers the price target from $9 to $6.
The maintained Buy rating suggests continued confidence in Rallybio's prospects, but the lowered price target indicates tempered expectations for short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100