Stifel lowered the firm’s price target on Amwell (AMWL) to $6 from $8 and keeps a Hold rating on the shares. While the company’s execution on cost takeout and the DHA contract launch have been positive, visibility remains limited on several fronts, the analyst tells investors in a post-earnings note.
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Read More on AMWL:
- American Well: Balancing Cost Reductions and Revenue Challenges Amidst Transformation
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- American Well: Hold Rating Amid Revenue Concerns and Strategic Initiatives
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