SVB Leerink Downgrades VectivBio Holding to Market Perform, Lowers Price Target to $17
Portfolio Pulse from richadhand@benzinga.com
SVB Leerink analyst Thomas Smith downgraded VectivBio Holding (NASDAQ:VECT) from Outperform to Market Perform and lowered the price target from $30 to $17.
May 23, 2023 | 11:29 am
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VectivBio Holding (NASDAQ:VECT) was downgraded by SVB Leerink analyst Thomas Smith from Outperform to Market Perform, with a reduced price target of $17.
The downgrade from Outperform to Market Perform and the reduction in price target from $30 to $17 by SVB Leerink analyst Thomas Smith indicates a less optimistic outlook for VectivBio Holding. This could lead to a negative short-term impact on the stock price as investors may adjust their positions based on the new rating and price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100