Truist Securities Maintains Buy on Pfizer, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Robyn Karnauskas has maintained a Buy rating on Pfizer (NYSE:PFE) but reduced the price target from $42 to $36.

December 14, 2023 | 6:32 pm
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Truist Securities maintains a Buy rating on Pfizer but lowers the price target from $42 to $36, indicating a potential upside but with reduced expectations.
While the Buy rating suggests confidence in Pfizer's fundamentals and potential for growth, the reduction in the price target may reflect a reassessment of near-term growth prospects or market conditions. This could lead to mixed reactions in the market, with some investors seeing the lowered target as a sign of caution, while others may focus on the maintained Buy rating as a positive signal.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100