JP Morgan Maintains Neutral Rating for Galapagos: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
JP Morgan has maintained its Neutral rating for Galapagos (NASDAQ:GLPG) and lowered its price target from $52.00 to $45.00. Shares of Galapagos are currently trading down 1.87% at $41.35 per share.
May 31, 2023 | 5:03 pm
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NEUTRAL IMPACT
JP Morgan maintains a Neutral rating for Galapagos and lowers its price target from $52.00 to $45.00. Galapagos shares are trading down 1.87% at $41.35.
JP Morgan's decision to maintain a Neutral rating for Galapagos indicates that they do not expect significant short-term price movement. However, the lowered price target from $52.00 to $45.00 suggests a slightly bearish outlook. The current share price is down 1.87% at $41.35, which is below the new price target. Overall, the impact on Galapagos' stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100