RBC Capital Reiterates Sector Perform on PTC Therapeutics, Maintains $49 Price Target
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Brian Abrahams has reiterated a 'Sector Perform' rating on PTC Therapeutics (NASDAQ:PTCT) and maintained a $49 price target.

July 20, 2023 | 2:03 pm
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NEUTRAL IMPACT
RBC Capital's reiteration of a 'Sector Perform' rating and a $49 price target on PTC Therapeutics could influence the stock's performance.
Analyst ratings and price targets can significantly influence investor sentiment and stock performance. In this case, RBC Capital's reiteration of a 'Sector Perform' rating suggests that they expect PTC Therapeutics' stock to perform in line with the sector average. The maintained $49 price target indicates their belief that the stock is fairly valued at this price. This could potentially maintain the stock's current price level, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100