Canaccord Genuity Maintains Buy on Cibus, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity has maintained its Buy rating on Cibus (NASDAQ:CBUS) but has lowered the price target from $21 to $20.
September 19, 2024 | 3:47 pm
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Canaccord Genuity has maintained its Buy rating on Cibus but lowered the price target from $21 to $20, indicating a slight decrease in expected valuation.
The maintenance of a Buy rating suggests continued confidence in Cibus's prospects, but the lowered price target indicates a slight reduction in expected future performance. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100