Canaccord Genuity Maintains Buy on Adicet Bio, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity has maintained a Buy rating on Adicet Bio (NASDAQ:ACET) but has significantly lowered the price target from $19 to $8.

September 11, 2024 | 3:25 pm
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Canaccord Genuity has maintained a Buy rating on Adicet Bio but has significantly lowered the price target from $19 to $8, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in Adicet Bio's potential, but the significant reduction in the price target from $19 to $8 indicates a more cautious outlook on the company's near-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