Piper Sandler Maintains Overweight on Revance Therapeutics, Lowers Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst David Amsellem maintains an Overweight rating on Revance Therapeutics (NASDAQ:RVNC) but lowers the price target from $50 to $44.
September 20, 2023 | 12:29 pm
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Revance Therapeutics' price target has been lowered from $50 to $44 by Piper Sandler, though the Overweight rating is maintained.
The news is directly about Revance Therapeutics. Piper Sandler's lowered price target could indicate a perceived decrease in the company's future value, which may affect investor sentiment. However, the maintained Overweight rating suggests that the analyst still sees the stock as a good investment overall, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100