TD Cowen Downgrades Danimer Scientific to Hold, Lowers Price Target to $1
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Thomas Boyes has downgraded Danimer Scientific (NYSE:DNMR) from Buy to Hold and lowered the price target from $2 to $1.
August 13, 2024 | 9:45 am
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NEGATIVE IMPACT
TD Cowen analyst Thomas Boyes downgraded Danimer Scientific from Buy to Hold and reduced the price target from $2 to $1.
The downgrade from Buy to Hold and the significant reduction in the price target from $2 to $1 by a reputable analyst is likely to negatively impact investor sentiment and the stock price of Danimer Scientific in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100