Citigroup Maintains Buy on Arvinas, Lowers Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Yigal Nochomovitz has maintained a 'Buy' rating on Arvinas (NASDAQ:ARVN) but lowered the price target from $77 to $72.
August 21, 2023 | 11:41 am
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NEUTRAL IMPACT
Arvinas' price target has been lowered by Citigroup from $77 to $72, though the 'Buy' rating is maintained.
The lowering of the price target by Citigroup could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100