Piper Sandler Maintains Overweight on Harmony Biosciences, Lowers Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst David Amsellem has maintained an Overweight rating on Harmony Biosciences (NASDAQ:HRMY) but lowered the price target from $72 to $42.
October 16, 2023 | 5:27 pm
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NEUTRAL IMPACT
Piper Sandler has maintained an Overweight rating on Harmony Biosciences but lowered the price target from $72 to $42.
The news is directly related to Harmony Biosciences. While the Overweight rating suggests that the stock is expected to outperform the market, the reduction in price target may create a negative sentiment among investors, potentially impacting the stock price. However, the overall impact is neutral as the positive (Overweight rating) and negative (lower price target) factors balance each other out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100