HC Wainwright & Co. Maintains Buy on Valneva, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. has maintained a Buy rating on Valneva (NASDAQ:VALN) but lowered the price target from $23 to $20.
October 11, 2024 | 10:22 am
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NEUTRAL IMPACT
HC Wainwright & Co. has maintained a Buy rating on Valneva but reduced the price target from $23 to $20, indicating a slightly less optimistic outlook.
The maintenance of a Buy rating suggests continued confidence in Valneva's prospects, but the lowered price target indicates a tempered outlook, likely due to revised expectations or market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100