Citigroup Maintains Buy on Zai Lab, Lowers Price Target to $128
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Yigal Nochomovitz has maintained a 'Buy' rating on Zai Lab (NASDAQ:ZLAB), but lowered the price target from $130 to $128.

October 26, 2023 | 2:36 pm
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NEUTRAL IMPACT
Zai Lab's price target has been lowered by Citigroup from $130 to $128, though the 'Buy' rating is maintained.
The news directly pertains to Zai Lab as Citigroup has lowered its price target for the company. However, the 'Buy' rating is maintained, indicating that Citigroup still sees potential in the stock. This could have a neutral impact on the stock's price in the short term as the lowered price target might cause some investors to sell, but the maintained 'Buy' rating could also attract new investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100