Piper Sandler Maintains Overweight on argenx, Lowers Price Target to $515
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Allison Bratzel has maintained an Overweight rating on argenx (NASDAQ:ARGX) but reduced the price target from $575 to $515.
December 21, 2023 | 2:27 pm
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Piper Sandler's analyst Allison Bratzel maintains an Overweight rating on argenx but has lowered the price target from $575 to $515.
While the Overweight rating suggests continued confidence in argenx's performance, the reduction in price target may reflect adjustments in valuation models or market conditions. This news is likely to have a neutral short-term impact on the stock price as the positive sentiment from the Overweight rating is counterbalanced by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100