Stifel Maintains Buy on IGM Biosciences, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stephen Willey has maintained a Buy rating on IGM Biosciences (NASDAQ:IGMS) but has reduced the price target from $26 to $25.
November 14, 2023 | 6:13 pm
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Stifel analyst Stephen Willey maintains a Buy rating on IGM Biosciences but lowers the price target from $26 to $25.
The reduction in price target by Stifel could have a mixed impact on IGMS stock. While the Buy rating reaffirms confidence in the company's prospects, the lowered price target may suggest a more conservative outlook on the stock's valuation, which could lead to short-term price volatility.
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