HC Wainwright & Co. Maintains Buy on argenx, Lowers Price Target to $451
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Douglas Tsao has maintained a Buy rating on argenx (NASDAQ:ARGX) but reduced the price target from $582 to $451.
December 21, 2023 | 11:11 am
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HC Wainwright & Co. analyst maintains a Buy rating on argenx but lowers the price target from $582 to $451.
While the Buy rating reaffirmation is positive, the significant reduction in price target from $582 to $451 could create mixed sentiment among investors. The lowered target suggests a tempered but still optimistic outlook on the company's future performance. This could lead to short-term volatility as the market digests the new price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100