Mizuho Maintains Buy on Leap Therapeutics, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Mara Goldstein has maintained a Buy rating on Leap Therapeutics (NASDAQ:LPTX) but has reduced the price target from $20 to $12.
November 20, 2023 | 3:40 pm
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NEGATIVE IMPACT
Mizuho has maintained a Buy rating on Leap Therapeutics but lowered the price target from $20 to $12, indicating a potential downside compared to the previous target.
The reduction in price target by a reputable analyst like Mara Goldstein from Mizuho could lead to a negative short-term sentiment among investors, as it suggests a lower expected future price for Leap Therapeutics. However, the maintenance of a Buy rating indicates a continued positive outlook on the company's fundamentals, which might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100