Jefferies Downgrades Amarin Corp to Hold, Lowers Price Target to $1
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Michael Yee has downgraded Amarin Corp (NASDAQ:AMRN) from Buy to Hold and lowered the price target from $3 to $1.
October 25, 2023 | 11:17 am
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Amarin Corp has been downgraded from Buy to Hold by Jefferies, with a lowered price target from $3 to $1.
The downgrade from Buy to Hold by Jefferies indicates a less optimistic outlook for the company. The lowered price target from $3 to $1 suggests that the analyst believes the stock is overvalued at current levels. This could lead to selling pressure on the stock, potentially causing its price to decrease in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100