Goldman Sachs Maintains Sell on Harmony Biosciences, Raises Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Corinne Jenkins has maintained a Sell rating on Harmony Biosciences (NASDAQ:HRMY) but increased the price target from $25 to $28.
January 09, 2024 | 1:14 pm
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Goldman Sachs reaffirms Sell rating on HRMY, raising the price target from $25 to $28.
The reaffirmation of a Sell rating by a major analyst like Goldman Sachs typically indicates a bearish outlook on the stock, which could lead to a negative short-term impact on HRMY's stock price. However, the increase in the price target from $25 to $28 suggests a less negative outlook than before, which might mitigate the impact slightly.
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