Mizuho Maintains Buy on Alector, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Graig Suvannavejh has maintained a Buy rating on Alector (NASDAQ:ALEC) but reduced the price target from $10 to $9.

November 17, 2023 | 5:28 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Mizuho has maintained a Buy rating on Alector while lowering the price target from $10 to $9, indicating a positive outlook with a slightly reduced growth expectation.
The maintenance of a Buy rating suggests that Mizuho's outlook on Alector remains positive, which could be reassuring to investors. However, the reduction in the price target may reflect a more conservative view on the company's growth prospects or valuation, which could temper investor enthusiasm slightly in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100