Barclays Maintains Underweight on Allakos, Lowers Price Target to $1.5
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Carter Gould has maintained an Underweight rating on Allakos (NASDAQ:ALLK) and reduced the price target from $2.5 to $1.5.
November 14, 2023 | 12:59 pm
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Barclays analyst Carter Gould has reiterated an Underweight rating on Allakos and lowered the price target, indicating a bearish outlook on the stock.
The reduction in price target by a major financial institution like Barclays suggests a negative outlook on Allakos' stock performance in the short term. This could lead to a decrease in investor confidence and a potential drop in the stock price.
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