Truist Securities Maintains Buy on argenx, Lowers Price Target to $550
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Joon Lee has maintained a Buy rating on argenx (NASDAQ:ARGX) but has reduced the price target from $570 to $550.
November 29, 2023 | 5:38 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on argenx but lowers the price target from $570 to $550.
While the reduction in price target could suggest a slightly less optimistic outlook on argenx's future price performance, the maintenance of a Buy rating indicates that Truist Securities still has a positive view on the stock. The impact on the stock price is likely to be neutral in the short term as the positive sentiment from the Buy rating could offset the negative sentiment from the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100