JMP Securities Maintains Market Outperform on Allakos, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Jonathan Wolleben has maintained a Market Outperform rating on Allakos (NASDAQ:ALLK) but reduced the price target from $11 to $10.

November 14, 2023 | 4:29 pm
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NEUTRAL IMPACT
Allakos' stock rating remains positive with a Market Outperform, but the price target has been lowered from $11 to $10 by JMP Securities.
The reduction in price target may cause some investors to adjust their valuation models, potentially leading to a short-term negative sentiment. However, the maintenance of a Market Outperform rating suggests that the analyst still sees upside potential in the stock, which could balance out the negative impact of the price target reduction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100