Stifel Maintains Hold on Sage Therapeutics, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Paul Matteis has maintained a Hold rating on Sage Therapeutics (NASDAQ:SAGE) but has reduced the price target from $22 to $20.
December 18, 2023 | 3:39 pm
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NEGATIVE IMPACT
Stifel analyst Paul Matteis maintains a Hold rating on Sage Therapeutics and lowers the price target from $22 to $20.
The reduction in price target by Stifel suggests a less optimistic outlook on Sage Therapeutics' stock value, which could lead to a negative short-term impact on the stock price. The Hold rating indicates that the analyst does not see significant upside or downside in the near term, but the lowered price target may influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100