Barclays Maintains Overweight on SpringWorks Therapeutics, Raises Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Peter Lawson has maintained an Overweight rating on SpringWorks Therapeutics (NASDAQ:SWTX) and increased the price target from $41 to $47, indicating a positive outlook on the company's stock.
January 25, 2024 | 2:56 pm
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Barclays analyst Peter Lawson has reaffirmed an Overweight rating on SpringWorks Therapeutics and raised the price target to $47, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst like Peter Lawson from Barclays is a strong positive signal to the market, often leading to increased investor confidence and potential short-term price appreciation. As the rating remains Overweight, it suggests that Barclays believes SWTX will outperform its sector or the market.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100