Citigroup Maintains Buy on Arvinas, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Yigal Nochomovitz has maintained a 'Buy' rating on Arvinas (NASDAQ:ARVN) but lowered the price target from $72 to $36.
October 24, 2023 | 5:49 pm
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NEGATIVE IMPACT
Arvinas' price target has been lowered by Citigroup from $72 to $36, although the 'Buy' rating is maintained.
The lowering of the price target by Citigroup indicates a potential decrease in the short-term value of Arvinas' stock. However, the maintained 'Buy' rating suggests that Citigroup still sees long-term potential in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100