B of A Securities Maintains Buy on Zai Lab, Lowers Price Target to $62.5
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst David Lim maintains a Buy rating on Zai Lab (NASDAQ:ZLAB) but lowers the price target from $75 to $62.5.
June 12, 2023 | 1:20 pm
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B of A Securities maintains Buy rating on Zai Lab (NASDAQ:ZLAB) but lowers price target from $75 to $62.5.
The news of B of A Securities maintaining a Buy rating on Zai Lab is positive for the stock. However, the lowering of the price target from $75 to $62.5 may create some uncertainty among investors. The overall impact on the stock price in the short term is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100