HC Wainwright & Co. Maintains Buy on argenx, Lowers Price Target to $582
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Douglas Tsao has maintained a Buy rating on argenx (NASDAQ:ARGX) but reduced the price target from $595 to $582.
November 29, 2023 | 11:32 am
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NEUTRAL IMPACT
HC Wainwright & Co. reaffirmed a Buy rating on argenx, but lowered the price target from $595 to $582, indicating a slight adjustment in valuation.
The reduction in price target is relatively small, suggesting a minor adjustment in valuation rather than a significant change in the company's outlook. The maintenance of a Buy rating indicates a continued positive view on the stock, which could balance out the impact of the lower price target on investor sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100