HC Wainwright & Co. Maintains Buy on Purple Biotech, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. has maintained a Buy rating on Purple Biotech but lowered the price target from $10 to $8, indicating a more cautious outlook.
September 19, 2024 | 10:29 am
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HC Wainwright & Co. has maintained a Buy rating on Purple Biotech but lowered the price target from $10 to $8, suggesting a more cautious outlook on the stock.
The maintenance of a Buy rating suggests continued confidence in Purple Biotech's potential, but the lowered price target indicates a more cautious outlook, possibly 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 80
RELEVANCE 100