Needham Maintains Buy on Revolution Medicines, Lowers Price Target to $34
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Ami Fadia maintains a 'Buy' rating on Revolution Medicines (NASDAQ:RVMD) but lowers the price target from $35 to $34.
August 09, 2023 | 10:29 am
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NEUTRAL IMPACT
Needham analyst maintains a 'Buy' rating on Revolution Medicines but lowers the price target from $35 to $34.
The news is directly related to Revolution Medicines. While the 'Buy' rating is maintained, the lowering of the price target might indicate a slightly less optimistic outlook for the company's stock in the short term. However, the impact is likely to be neutral as the price target is still in a positive range.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100