RBC Capital Downgrades Abcam to Sector Perform, Lowers Price Target to $22
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Alistair Campbell downgraded Abcam (NASDAQ:ABCM) from Outperform to Sector Perform and lowered the price target from $23 to $22.
June 20, 2023 | 9:01 am
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NEGATIVE IMPACT
Abcam downgraded to Sector Perform by RBC Capital, with a reduced price target of $22.
The downgrade from Outperform to Sector Perform and the reduction in price target from $23 to $22 by RBC Capital analyst Alistair Campbell may negatively impact Abcam's stock price in the short term, as it indicates a less optimistic outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100