UBS Downgrades argenx to Neutral, Raises Price Target to $570
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Xian Deng has downgraded argenx (NASDAQ:ARGX) from Buy to Neutral, while raising the price target from $480 to $570.
July 24, 2023 | 10:06 am
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NEUTRAL IMPACT
argenx has been downgraded to Neutral from Buy by UBS, but the price target has been raised to $570 from $480.
The downgrade to Neutral suggests that UBS sees limited upside potential for argenx in the near term. However, the raised price target indicates that UBS still sees long-term value in the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100