Stifel Reiterates Buy on Macrogenics, Maintains $17 Price Target
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Jonathan Block has reiterated a Buy rating on Macrogenics (NASDAQ:MGNX) and maintained a price target of $17.

November 27, 2023 | 6:37 pm
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Stifel analyst Jonathan Block reiterates a Buy rating on Macrogenics with a maintained price target of $17.
The reiteration of a Buy rating by a Stifel analyst, along with the maintenance of a $17 price target, is a positive endorsement for Macrogenics. This could lead to increased investor confidence and a potential short-term uplift in the stock price, as market participants often react positively to analyst recommendations, especially from reputable firms.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100