Cerus shares are trading lower after Stifel cut its price target on the stock from $6 to $3.
Portfolio Pulse from Benzinga Newsdesk
Cerus shares declined after Stifel reduced its price target from $6 to $3.
October 17, 2024 | 4:50 pm
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NEGATIVE IMPACT
Cerus shares are trading lower following Stifel's decision to cut its price target from $6 to $3.
The reduction in the price target by Stifel is a negative signal to investors, suggesting a less optimistic outlook for Cerus. This has led to a decline in the stock price as investors react to the revised target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100