Citigroup Maintains Neutral on Larimar Therapeutics, Lowers Price Target to $4.5
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Samantha Semenkow maintains a Neutral rating on Larimar Therapeutics (NASDAQ:LRMR) and lowers the price target from $7 to $4.5.
May 18, 2023 | 10:35 am
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NEGATIVE IMPACT
Citigroup analyst Samantha Semenkow maintains a Neutral rating on Larimar Therapeutics and lowers the price target from $7 to $4.5.
The lowered price target from Citigroup analyst Samantha Semenkow indicates a potential decrease in the stock price of Larimar Therapeutics (LRMR) in the short term. The Neutral rating suggests that the stock is not expected to outperform or underperform the market, but the reduced price target may negatively impact investor sentiment and lead to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100