B of A Securities Downgrades Annexon to Neutral, Lowers Price Target to $3
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst Tazeen Ahmad downgraded Annexon (NASDAQ:ANNX) from Buy to Neutral and lowered the price target from $8 to $3.
May 26, 2023 | 1:36 pm
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Annexon (NASDAQ:ANNX) has been downgraded from Buy to Neutral by B of A Securities, with a reduced price target of $3, down from $8.
The downgrade from Buy to Neutral by B of A Securities analyst Tazeen Ahmad indicates a less favorable outlook for Annexon. The lowered price target from $8 to $3 suggests a significant decrease in the expected stock value, which could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100