Citigroup Maintains Buy on argenx, Lowers Price Target to $591
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Samantha Semenkow has maintained a Buy rating on argenx (NASDAQ:ARGX) but has reduced the price target from $610 to $591.

November 29, 2023 | 12:33 pm
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NEUTRAL IMPACT
Citigroup has maintained a Buy rating on argenx but lowered the price target from $610 to $591, indicating a positive outlook with a slightly reduced growth expectation.
While the reduction in price target could suggest a more conservative view on the stock's future performance, the maintenance of a Buy rating indicates that Citigroup still has a positive outlook on argenx. This mixed signal could lead to a neutral short-term impact on the stock price as investors digest both the continued endorsement and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100