HC Wainwright & Co. Maintains Buy on Macrogenics, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Robert Burns has maintained a Buy rating on Macrogenics (NASDAQ:MGNX) but has reduced the price target from $14 to $12.

November 13, 2023 | 4:21 pm
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HC Wainwright & Co. analyst maintains a Buy rating on Macrogenics but lowers the price target from $14 to $12.
While the Buy rating reaffirms the analyst's positive outlook on Macrogenics, the reduction in the price target may reflect a more conservative valuation or perceived near-term headwinds. This could lead to mixed reactions in the short term, as investors weigh the continued endorsement against the lowered expectations.
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IMPORTANCE 75
RELEVANCE 100