Barclays Downgrades Reata Pharmaceuticals to Equal-Weight, Raises Price Target to $172
Portfolio Pulse from richadhand@benzinga.com
Barclays analyst Carter Gould has downgraded Reata Pharmaceuticals from Overweight to Equal-Weight, while raising the price target from $110 to $172.

August 01, 2023 | 9:29 am
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NEUTRAL IMPACT
Reata Pharmaceuticals has been downgraded by Barclays from Overweight to Equal-Weight, but the price target has been raised from $110 to $172.
The downgrade from Overweight to Equal-Weight suggests that Barclays sees less upside potential in Reata Pharmaceuticals, which could negatively impact the stock. However, the raised price target from $110 to $172 indicates that Barclays still sees significant value in the stock, which could offset the negative impact of the downgrade. Therefore, the short-term impact on the stock is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100