Citigroup Upgrades Mirati Therapeutics to Buy, Lowers Price Target to $48
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Yigal Nochomovitz has upgraded Mirati Therapeutics from Neutral to Buy, but lowered the price target from $51 to $48.
August 10, 2023 | 9:26 am
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Mirati Therapeutics has been upgraded to Buy by Citigroup, but the price target has been lowered from $51 to $48.
The upgrade from Neutral to Buy indicates a positive outlook for Mirati Therapeutics, which could lead to an increase in its stock price. However, the lowering of the price target from $51 to $48 suggests a potential decrease in the stock's value. The net effect is likely to be positive, but less so than if the price target had been raised.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100