HC Wainwright & Co. Maintains Buy on Opthea, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. has maintained a Buy rating on Opthea (NASDAQ:OPT) but lowered the price target from $14 to $12.

September 03, 2024 | 2:56 pm
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NEUTRAL IMPACT
HC Wainwright & Co. has maintained a Buy rating on Opthea but lowered the price target from $14 to $12, indicating a slightly less optimistic outlook.
The maintenance of a Buy rating suggests continued confidence in Opthea's potential, but the lowered price target indicates a tempered outlook. This could lead to neutral short-term price movement as the positive Buy rating is offset by the reduced target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100