JP Morgan Initiates Coverage On Lexeo Therapeutics with Overweight Rating, Announces Price Target of $20
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tessa Romero has initiated coverage on Lexeo Therapeutics (NASDAQ:LXEO) with an Overweight rating and set a price target of $20.
November 28, 2023 | 11:02 am
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JP Morgan analyst Tessa Romero initiated coverage on Lexeo Therapeutics with an Overweight rating and a price target of $20.
Analyst coverage, especially from a major bank like JP Morgan, can significantly influence investor perception and stock price. An Overweight rating suggests that the analyst believes the company will outperform the average market return. The announcement of a price target of $20, presumably above the current trading price, indicates a positive outlook for the stock, which could lead to increased investor interest and a potential rise in the stock price in the short term.
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