SVB Leerink Downgrades Abcam to Market Perform, Announces $24 Price Target
Portfolio Pulse from richadhand@benzinga.com
SVB Leerink analyst Puneet Souda has downgraded Abcam (NASDAQ:ABCM) from Outperform to Market Perform and set a price target of $24.
August 30, 2023 | 8:33 am
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Abcam's rating has been downgraded by SVB Leerink from Outperform to Market Perform, with a new price target of $24.
The downgrade from Outperform to Market Perform by SVB Leerink indicates a less optimistic outlook for Abcam. This could potentially lead to a decrease in the stock's price in the short term. The new price target of $24 also suggests a potential downside, depending on the current trading price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100