RBC Capital Downgrades 89bio to Sector Perform, Announces $15 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Brian Abrahams has downgraded 89bio (NASDAQ:ETNB) from Outperform to Sector Perform and set a price target of $15.

January 12, 2024 | 12:16 pm
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NEGATIVE IMPACT
89bio's stock rating has been downgraded by RBC Capital from Outperform to Sector Perform, with a price target of $15.
Analyst downgrades typically lead to a negative perception of the company's future performance and can result in a short-term decline in the stock price. The new price target of $15 may also influence market expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100