HC Wainwright & Co. Maintains Buy on Fennec Pharmaceuticals, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. has maintained a Buy rating on Fennec Pharmaceuticals but lowered the price target from $15 to $13.
August 22, 2024 | 1:09 pm
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NEUTRAL IMPACT
HC Wainwright & Co. has maintained a Buy rating on Fennec Pharmaceuticals but lowered the price target from $15 to $13.
The analyst's decision to maintain a Buy rating suggests continued confidence in Fennec Pharmaceuticals' prospects, which is positive. However, the lowered price target from $15 to $13 indicates a tempered outlook, potentially due to revised expectations or market conditions. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100