Barclays Initiates Coverage On Alvotech with Equal-Weight Rating, Announces Price Target of $10
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Balaji Prasad has initiated coverage on Alvotech (NASDAQ:ALVO) with an Equal-Weight rating and a price target of $10.

September 21, 2023 | 9:09 am
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Barclays has initiated coverage on Alvotech with an Equal-Weight rating and a price target of $10.
The initiation of coverage by Barclays with an Equal-Weight rating suggests a neutral outlook for Alvotech. The price target of $10 provides a benchmark for investors, but does not necessarily indicate a strong upside or downside. Therefore, the short-term impact on the stock price is likely to be neutral.
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IMPORTANCE 70
RELEVANCE 100