B of A Securities Maintains Underperform on Pharvaris, Raises Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Tazeen Ahmad has maintained an Underperform rating on Pharvaris (NASDAQ:PHVS) but increased the price target from $8 to $11.

December 07, 2023 | 9:07 pm
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NEUTRAL IMPACT
Pharvaris maintains an Underperform rating by B of A Securities, with an increased price target from $8 to $11.
While the increase in price target from $8 to $11 could be seen as a positive signal, the maintenance of the Underperform rating suggests that the analyst still has concerns about the company's prospects. This mixed signal may lead to a neutral short-term impact on the stock price as the market digests both the positive and negative aspects of the analyst's outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100