Guggenheim Upgrades Arvinas to Buy, Announces $40 Price Target
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Michael Schmitz has upgraded Arvinas (NASDAQ:ARVN) from Neutral to Buy and set a price target of $40 for the company's stock.
November 20, 2023 | 11:49 am
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Arvinas was upgraded by Guggenheim analyst Michael Schmitz from Neutral to Buy with a new price target of $40, indicating a positive outlook for the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest a better-than-previously-expected performance of the company. The new price target of $40 by Guggenheim represents a significant potential upside, which can attract investors and drive up the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100