Barclays Maintains Overweight on Regeneron Pharmaceuticals, Lowers Price Target to $888
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Carter Gould has maintained an Overweight rating on Regeneron Pharmaceuticals (NASDAQ:REGN) but lowered the price target from $915 to $888.
June 28, 2023 | 12:43 pm
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Regeneron Pharmaceuticals' price target has been lowered by Barclays from $915 to $888, though the Overweight rating is maintained.
The news is directly about Regeneron Pharmaceuticals and is likely to impact investor sentiment. While the Overweight rating is maintained, indicating that Barclays still sees the stock as a good investment, the lowering of the price target might cause some investors to reassess their positions, potentially leading to short-term price volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100