Argenx shares are trading lower after UBS downgraded the stock from Buy to Neutral but raised its price target from $480 to $570.
Portfolio Pulse from Benzinga Newsdesk
Argenx shares are trading lower after UBS downgraded the stock from Buy to Neutral but raised its price target from $480 to $570.
July 24, 2023 | 4:53 pm
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NEGATIVE IMPACT
UBS downgraded Argenx from Buy to Neutral, causing a drop in share price. However, UBS raised its price target for Argenx from $480 to $570.
The downgrade from UBS has led to a decrease in Argenx's share price. However, the raised price target indicates a positive long-term outlook, which could potentially offset the short-term negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100