Wedbush Maintains Outperform on Xenon Pharmaceuticals, Lowers Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Laura Chico has maintained an 'Outperform' rating on Xenon Pharmaceuticals (NASDAQ:XENE) but lowered the price target from $47 to $46.

November 09, 2023 | 3:45 pm
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Xenon Pharmaceuticals' price target has been lowered from $47 to $46 by Wedbush, though the 'Outperform' rating is maintained.
The news is directly about Xenon Pharmaceuticals. While the lowering of the price target might seem negative, the maintained 'Outperform' rating indicates that the analyst still has a positive outlook on the company. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100