Wells Fargo Maintains Overweight on argenx, Lowers Price Target to $470
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Derek Archila has maintained an Overweight rating on argenx (NASDAQ:ARGX) but reduced the price target from $585 to $470.
December 21, 2023 | 11:19 am
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Wells Fargo analyst Derek Archila maintains an Overweight rating on argenx but has lowered the price target from $585 to $470.
The reduction in price target by a prominent analyst could lead to a negative short-term sentiment among investors, potentially causing a decrease in the stock price. However, the Overweight rating suggests a positive long-term outlook.
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IMPORTANCE 75
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