Truist Securities Maintains Buy on Verastem, Lowers Price Target to $39
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Srikripa Devarakonda maintains a 'Buy' rating on Verastem (NASDAQ:VSTM) but has lowered the price target from $60 to $39.
July 11, 2023 | 12:11 pm
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NEUTRAL IMPACT
Despite the lowered price target from $60 to $39, Truist Securities maintains a 'Buy' rating on Verastem, indicating continued confidence in the company's potential.
The lowered price target could potentially cause some short-term negative sentiment among investors. However, the maintained 'Buy' rating indicates that Truist Securities still sees potential in Verastem, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100