Guggenheim Maintains Buy on Roivant Sciences, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Yatin Suneja has maintained a Buy rating on Roivant Sciences (NASDAQ:ROIV) but reduced the price target from $17 to $16.
November 15, 2023 | 7:06 pm
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NEUTRAL IMPACT
Guggenheim analyst Yatin Suneja maintains a Buy rating on Roivant Sciences but has lowered the price target from $17 to $16.
The maintenance of a Buy rating suggests that Guggenheim's outlook on Roivant Sciences remains positive, indicating potential growth or a bullish outlook. However, the reduction in the price target could reflect a more conservative view on the stock's valuation or expected performance, which might temper investor expectations slightly. The impact is likely neutral in the short term as the positive recommendation is counterbalanced by the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100