JP Morgan Maintains Overweight on BridgeBio Pharma, Lowers Price Target to $38
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Anupam Rama maintains an Overweight rating on BridgeBio Pharma (NASDAQ:BBIO) but lowers the price target from $42 to $38.

August 17, 2023 | 2:49 pm
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JP Morgan maintains an Overweight rating on BridgeBio Pharma but lowers the price target from $42 to $38.
The news is directly about BridgeBio Pharma. While the Overweight rating is maintained, the lowering of the price target could potentially have a negative impact on the stock's price in the short term. However, the impact is not clear cut as the Overweight rating indicates that the analyst still believes the stock will outperform the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100