Oppenheimer Maintains Outperform on Sachem Cap, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Tyler Batory maintains an Outperform rating on Sachem Capital (AMEX:SACH) but lowers the price target from $4.5 to $4.
August 19, 2024 | 2:44 pm
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Oppenheimer's analyst Tyler Batory continues to rate Sachem Capital as Outperform but reduces the price target from $4.5 to $4, indicating a slightly less optimistic outlook.
The maintenance of an Outperform rating suggests continued confidence in the stock's performance, but the lowered price target indicates a tempered outlook, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100