Guggenheim Maintains Buy on HilleVax, Lowers Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Seamus Fernandez has maintained a Buy rating on HilleVax (NASDAQ:HLVX) but reduced the price target from $38 to $34.
November 15, 2023 | 7:02 pm
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Guggenheim analyst Seamus Fernandez maintains a Buy rating on HilleVax but lowers the price target from $38 to $34, indicating a positive outlook but with tempered expectations.
While the Buy rating suggests confidence in HilleVax's fundamentals and potential growth, the reduction in the price target may reflect a reassessment of near-term price expectations, possibly due to market conditions or updated analysis of the company's prospects. This could lead to a neutral short-term impact on the stock as the positive sentiment from the Buy rating is counterbalanced by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100