Maxim Group Maintains Buy on Longeveron, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Maxim Group analyst Michael Okunewitch maintains a Buy rating on Longeveron (NASDAQ:LGVN) but lowers the price target from $15 to $6.
August 27, 2024 | 2:23 pm
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Maxim Group's analyst Michael Okunewitch maintains a Buy rating on Longeveron but significantly lowers the price target from $15 to $6, indicating a more cautious outlook.
The reduction in the price target from $15 to $6 suggests a more conservative valuation of Longeveron, which could lead to a negative short-term impact on the stock price despite the maintained Buy rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100