Benchmark Downgrades AeroClean After Share Price Rallies

·1 min read
  • Benchmark analyst Robert Wasserman downgraded AeroClean Technologies Inc (NASDAQ: AERCto Hold from Buy, without a price target.

  • The analyst notes that despite a poor overall market outlook, the company's shares have quickly reached and exceeded earlier price targets.

  • Wasserman downgraded the rating on AERC at this time due to share price and market volatility.

  • AeroClean hired Jimmy Thompson as Vice President of Strategic Sales last week. Thompson's prior experience includes key sales positions at Cerner Corp (NASDAQ: CERN), General Electric Co's (NYSE: GE) GE Healthcare, SIMS Portex, and Baptist Hospital in Nashville, TN.

  • The new hire announcement follows closely on the heels of the company's announcement of FDA marketing approval for its Pūrgo air purification device.

  • RelatedWhy AeroClean Shares Are Jumping Today

  • Price Action: AERC shares are trading lower by 17.62% at $14.21 on the last check Tuesday.

Latest Ratings for AERC






Feb 2022


Initiates Coverage On

Speculative Buy

View More Analyst Ratings for AERC

View the Latest Analyst Ratings

See more from Benzinga

Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

© 2022 Benzinga does not provide investment advice. All rights reserved.