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Allurion Technologies downgraded to Neutral from Buy at Chardan
The Fly

Allurion Technologies downgraded to Neutral from Buy at Chardan

Chardan downgraded Allurion Technologies (ALUR) to Neutral from Buy with a price target that is under review after business execution that the firm says “has now been disappointing for the past 4 quarters.” The company reported Q3 revenue of $5.4M and further lowered its FY24 revenue guidance to between $30M-$35M, the analyst noted.

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