Lake Street Maintains Buy on Evogene, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Lake Street analyst Ben Klieve maintains a Buy rating on Evogene (NASDAQ:EVGN) but lowers the price target from $30 to $12.
August 23, 2024 | 1:56 pm
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Lake Street analyst Ben Klieve maintains a Buy rating on Evogene but significantly lowers the price target from $30 to $12, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in Evogene's potential, but the significant reduction in the price target from $30 to $12 indicates a more cautious outlook on its short-term performance. This could lead to a negative short-term impact on the stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100