UBS Maintains Buy on 89bio, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Eliana Merle maintains a Buy rating on 89bio (NASDAQ:ETNB) but lowers the price target from $36 to $25.

October 12, 2023 | 5:10 pm
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NEUTRAL IMPACT
UBS analyst maintains a Buy rating on 89bio but lowers the price target from $36 to $25. This could potentially impact the stock's performance.
The news of UBS maintaining a Buy rating on 89bio indicates a positive outlook for the company. However, the lowering of the price target from $36 to $25 suggests a potential downside, which might impact the stock's short-term performance. The overall impact is neutral as the positive and negative signals balance each other out.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100