Barclays Maintains Overweight on Sarepta Therapeutics, Lowers Price Target to $141
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Gena Wang has maintained an Overweight rating on Sarepta Therapeutics (NASDAQ:SRPT) but lowered the price target from $193 to $141.
November 02, 2023 | 3:42 pm
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Barclays has maintained an Overweight rating on Sarepta Therapeutics but lowered the price target from $193 to $141.
While the Overweight rating suggests that Barclays expects Sarepta Therapeutics to outperform the market, the lowering of the price target could indicate a reduced growth expectation. This could potentially lead to short-term uncertainty among investors, but the overall impact is likely to be neutral as the Overweight rating is maintained.
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