Goldman Sachs Downgrades Organon to Neutral, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Chris Shibutani has downgraded Organon (NYSE:OGN) from Buy to Neutral and lowered the price target from $33 to $16.
November 03, 2023 | 1:27 pm
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Goldman Sachs has downgraded Organon from Buy to Neutral and lowered the price target from $33 to $16.
The downgrade from Goldman Sachs, a major financial institution, could negatively impact investor sentiment towards Organon. The significant reduction in the price target from $33 to $16 suggests that Goldman Sachs sees less potential for growth in the stock, which could lead to a decrease in its price in the short term.
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IMPORTANCE 80
RELEVANCE 100