Alliance Global Partners lowered the firm’s price target on Motus GI Holdings to $8.30 from a reverse-split-adjusted $20.25 and keeps a Buy rating on the shares after Motus GI reported Q3 results slightly ahead of the firm’s expectations. The reduction in the firm’s target “stems entirely” from a reduction in its revenue multiple as the company has less than 6 months of cash remaining and investors should expect dilution, the analyst says.
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