Truist Securities Maintains Buy on argenx, Lowers Price Target to $370-Report Released on 20 December 2023
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Joon Lee has maintained a Buy rating on argenx (NASDAQ:ARGX) but lowered the price target from $550 to $370.
December 21, 2023 | 3:38 pm
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Truist Securities analyst Joon Lee maintains a Buy rating on argenx but reduces the price target from $550 to $370.
While the Buy rating indicates continued confidence in argenx's fundamentals, the significant reduction in price target could lead to mixed reactions in the short term. Investors may view the lowered target as a negative signal, potentially causing short-term price volatility. However, the maintained Buy rating suggests that the analyst still sees long-term value in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100