Stifel Downgrades FibroGen to Hold, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Annabel Samimy downgraded FibroGen (NASDAQ:FGEN) from Buy to Hold and lowered the price target from $28 to $11.
June 26, 2023 | 6:35 pm
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NEGATIVE IMPACT
Stifel downgraded FibroGen from Buy to Hold and reduced the price target from $28 to $11.
The downgrade from Buy to Hold and the significant reduction in the price target by Stifel analyst Annabel Samimy indicate a less optimistic outlook for FibroGen's stock. This could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100