Truist Securities Maintains Buy on Verastem, Lowers Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Srikripa Devarakonda has maintained a Buy rating on Verastem (NASDAQ:VSTM) but reduced the price target from $39 to $34.
November 15, 2023 | 4:56 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on Verastem but lowers the price target from $39 to $34, indicating a positive outlook with a reduced growth expectation.
While the Buy rating reaffirms confidence in Verastem's fundamentals and potential for growth, the reduction in price target may reflect a reassessment of the growth rate or potential headwinds. This could lead to mixed reactions in the short term, as investors appreciate the maintained Buy rating but also consider the implications of a lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100