Versus Systems price target lowered to $2 from $3 at H.C. Wainwright

H.C. Wainwright lowered the firm’s price target on Versus Systems (VS) to $2 from $3 and keeps a Neutral rating on the shares. The company’s revenue and balance sheet challenges continue, the analyst tells investors in a research note. The firm says it remains on the sidelines and awaits greater clarity on the near-term revenue opportunity before getting more constructive on Versus shares.