B of A Securities Maintains Neutral on Galapagos, Raises Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Jason Gerberry maintains a Neutral rating on Galapagos (NASDAQ:GLPG) and increases the price target from $41 to $44.
January 02, 2024 | 4:03 pm
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POSITIVE IMPACT
B of A Securities has raised the price target for Galapagos from $41 to $44 while maintaining a Neutral rating.
The increase in price target by B of A Securities suggests a positive outlook on the stock's value, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst does not see significant momentum beyond the revised target, which tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100