Cantor Fitzgerald Maintains Overweight on ALX Oncology Holdings, Lowers Price Target to $18
Portfolio Pulse from richadhand@benzinga.com
Cantor Fitzgerald analyst Alethia Young has maintained an Overweight rating on ALX Oncology Holdings (NASDAQ:ALXO) but lowered the price target from $22 to $18.
August 14, 2023 | 1:01 pm
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Cantor Fitzgerald has maintained an Overweight rating on ALX Oncology Holdings but lowered the price target from $22 to $18.
The lowering of the price target by Cantor Fitzgerald could potentially lead to a decrease in the stock price of ALX Oncology Holdings in the short term as it indicates a lower expected value of the company's stock. However, the maintained Overweight rating suggests that the analyst still believes the company's stock is expected to outperform.
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IMPORTANCE 80
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