RBC Capital Maintains Sector Perform on Prothena Corp, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Brian Abrahams has maintained a 'Sector Perform' rating on Prothena Corp (NASDAQ:PRTA) but has reduced the price target from $43 to $36.
January 25, 2024 | 4:51 pm
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Prothena Corp's price target has been lowered from $43 to $36 by RBC Capital, although the 'Sector Perform' rating is maintained.
The reduction in price target by RBC Capital suggests a less optimistic valuation of Prothena Corp, which could lead to a negative short term sentiment among investors and potentially a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100