Invivyd shares are trading lower after HC Wainwright & Co maintained a Buy rating on the stock and raised its price target from $5 to $15.
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co maintained a Buy rating on Invivyd (IVVD) but increased the price target from $5 to $15, causing the stock to trade lower.
January 18, 2024 | 3:17 pm
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NEGATIVE IMPACT
Invivyd's stock trades lower even after HC Wainwright & Co reaffirmed a Buy rating and raised the price target from $5 to $15.
The stock trading lower despite the positive analyst rating and increased price target suggests a possible disconnect between the analyst's outlook and market sentiment. Investors might have expected a more significant upgrade or are reacting to other market factors that overshadow the analyst's view.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100