HC Wainwright & Co. Maintains Buy on Compass Pathways, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. has maintained a Buy rating on Compass Pathways (NASDAQ:CMPS) but has lowered the price target from $120 to $60.
November 01, 2024 | 8:26 pm
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HC Wainwright & Co. has maintained a Buy rating on Compass Pathways but has significantly lowered the price target from $120 to $60, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in the stock's potential, but the halving of the price target reflects a more conservative valuation, likely due to changes in market conditions or company performance. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100