Citigroup Upgrades Alvotech to Neutral, Raises Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Andrew Baum has upgraded Alvotech (NASDAQ:ALVO) from Sell to Neutral and raised the price target from $5 to $10.
October 20, 2023 | 10:15 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Alvotech's rating has been upgraded from Sell to Neutral by Citigroup, with a price target increase from $5 to $10.
The upgrade from Sell to Neutral indicates a more positive outlook on Alvotech by Citigroup. The doubling of the price target from $5 to $10 suggests that the analyst sees significant upside potential for the stock. This could lead to increased investor interest and potentially a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100