Barclays Maintains Overweight Rating for Arvinas: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Barclays has maintained its Overweight rating for Arvinas (NASDAQ:ARVN) but lowered its price target from $70.00 to $39.00. Arvinas shares are currently trading down 2.94% at $23.59 per share. A move to $39.00 would represent a 65.36% increase from the current share price.
August 09, 2023 | 5:01 pm
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Barclays has maintained its Overweight rating for Arvinas but lowered its price target. This could potentially lead to increased volatility in the short term.
The news of Barclays maintaining its Overweight rating but lowering the price target for Arvinas could lead to increased volatility in the stock's price. Investors may interpret this as a mixed signal, which could lead to uncertainty and increased trading activity.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100