Canaccord Genuity Maintains Buy on Cybin, Lowers Price Target to $96
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity has maintained its Buy rating on Cybin (AMEX:CYBN) but lowered the price target from $114 to $96.
September 23, 2024 | 3:12 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Canaccord Genuity has maintained its Buy rating on Cybin but reduced the price target from $114 to $96, indicating a positive outlook with some caution.
The maintenance of a Buy rating suggests continued confidence in Cybin's potential, but the lowered price target indicates some caution regarding its short-term performance. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100