HC Wainwright & Co. Maintains Buy on Purple Biotech, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Emily Bodnar maintains a Buy rating on Purple Biotech (NASDAQ:PPBT) but lowers the price target from $10 to $8.
August 19, 2024 | 11:43 am
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HC Wainwright & Co. analyst Emily Bodnar maintains a Buy rating on Purple Biotech but lowers the price target from $10 to $8.
The Buy rating suggests continued confidence in Purple Biotech's prospects, but the lowered price target indicates tempered expectations. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100