Citigroup Maintains Buy on Mersana Therapeutics, Lowers Price Target to $10
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Ashik Kurian maintains a Buy rating on Mersana Therapeutics (NASDAQ:MRSN) but lowers the price target from $15 to $10.
June 16, 2023 | 12:42 pm
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Citigroup analyst Ashik Kurian maintains a Buy rating on Mersana Therapeutics but lowers the price target from $15 to $10.
The news of Citigroup maintaining a Buy rating on Mersana Therapeutics is positive for the stock. However, the lowering of the price target from $15 to $10 may create some uncertainty among investors, potentially offsetting the positive sentiment. As a result, the short-term impact on MRSN's stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100