RBC Capital Downgrades Avalo Therapeutics to Sector Perform, Lowers Price Target to $0.75
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Gregory Renza downgrades Avalo Therapeutics (NASDAQ:AVTX) from Outperform to Sector Perform and lowers the price target from $9 to $0.75.
June 27, 2023 | 11:42 am
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Avalo Therapeutics downgraded to Sector Perform by RBC Capital, with price target reduced from $9 to $0.75.
RBC Capital's downgrade of Avalo Therapeutics from Outperform to Sector Perform and the significant reduction in price target from $9 to $0.75 indicate a negative outlook for the stock. This is likely to impact investor sentiment and put downward pressure on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100