Needham Downgrades Shattuck Labs to Hold, Maintains $8 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Gil Blum has downgraded Shattuck Labs (NASDAQ:STTK) from Buy to Hold, while maintaining a price target of $8.
October 02, 2024 | 9:41 am
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Needham analyst Gil Blum downgraded Shattuck Labs from Buy to Hold, maintaining a price target of $8. This suggests a neutral stance on the stock's short-term performance.
The downgrade from Buy to Hold indicates a shift in the analyst's outlook, suggesting that the stock may not outperform in the short term. However, the maintained price target of $8 implies that the analyst still sees value at the current price level, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100