B of A Securities Maintains Neutral on Alkermes, Raises Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Jason Gerberry has maintained a Neutral rating on Alkermes (NASDAQ:ALKS) and increased the price target from $27 to $29.
January 02, 2024 | 4:12 pm
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POSITIVE IMPACT
B of A Securities has maintained a Neutral rating on Alkermes while raising the price target from $27 to $29, indicating a potential upside from the previous target.
The increase in price target by B of A Securities suggests a positive outlook on Alkermes' stock value in the short term. As price targets can influence investor sentiment and stock price, this revision could lead to a modest increase in ALKS's stock price, especially if the market aligns with the analyst's expectations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100