TD Cowen says Tempus AI (TEM) shares were down 16% last week presumably in response to a Spruce Point short report. The analyst found many of the issues to be already known, other points exaggerated and some new ones worth exploring. TD finds some of stated concerns misleading or incorrect, while others have been known and disclosed. With the shares up 100% year-to-date into the short report, Tempus AI’s valuation “didn’t leave much room for negative news,” the analyst tells investors in a research note. TD has a Buy rating on the shares with a $62 price target
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