Piper Sandler Reiterates Overweight on Syros Pharmaceuticals, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Edward Tenthoff has reiterated an Overweight rating on Syros Pharmaceuticals (NASDAQ:SYRS) but has lowered the price target from $13 to $5.

August 13, 2024 | 3:32 pm
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Piper Sandler analyst Edward Tenthoff has reiterated an Overweight rating on Syros Pharmaceuticals but has lowered the price target from $13 to $5.
The reiteration of an Overweight rating is positive, but the significant reduction in the price target from $13 to $5 suggests a more cautious outlook on the stock's potential, likely leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100