Jefferies Downgrades Biomea Fusion to Hold, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Eun Yang downgrades Biomea Fusion (NASDAQ:BMEA) from Buy to Hold and lowers the price target from $36 to $28.
June 26, 2023 | 4:03 pm
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Biomea Fusion downgraded to Hold by Jefferies, with a lowered price target of $28 from $36.
The downgrade from Buy to Hold by Jefferies analyst Eun Yang indicates a less optimistic outlook for Biomea Fusion's stock performance. The lowered price target from $36 to $28 suggests that the analyst believes the stock has limited upside potential in the short term. This news is likely to negatively impact BMEA's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100