Raymond James Downgrades Sol-Gel Technologies to Outperform, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Elliot Wilbur has downgraded Sol-Gel Technologies (NASDAQ:SLGL) from Strong Buy to Outperform and reduced the price target from $6 to $4.
August 19, 2024 | 3:23 pm
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Raymond James has downgraded Sol-Gel Technologies from Strong Buy to Outperform, with a reduced price target of $4, indicating a less optimistic outlook.
The downgrade from Strong Buy to Outperform and the reduction in price target from $6 to $4 by Raymond James suggests a less optimistic view on Sol-Gel Technologies' future performance, likely leading to a negative short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100