Needham Maintains Buy on Vir Biotechnology, Lowers Price Target to $22
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Joseph Stringer has maintained a 'Buy' rating on Vir Biotechnology (NASDAQ:VIR) but lowered the price target from $32 to $22.
July 20, 2023 | 4:20 pm
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Needham analyst has maintained a 'Buy' rating on Vir Biotechnology but lowered the price target from $32 to $22.
The news is directly related to Vir Biotechnology. The maintained 'Buy' rating indicates a positive outlook for the company, however, the lowered price target might indicate a slower growth than previously expected. This could have a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100