Mizuho Downgrades Karuna Therapeutics to Neutral, Raises Price Target to $330
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vamil Divan has downgraded Karuna Therapeutics (NASDAQ:KRTX) from Buy to Neutral, while also raising the price target for the company's stock from $245 to $330.

January 26, 2024 | 10:59 am
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NEUTRAL IMPACT
Karuna Therapeutics was downgraded by Mizuho from Buy to Neutral, although the price target was raised from $245 to $330, indicating mixed sentiment.
The downgrade to Neutral suggests that Mizuho believes Karuna Therapeutics' stock may not provide significant upside potential relative to the market or its sector in the short term. However, the increase in the price target to $330 implies a positive view on the company's fundamentals or potential growth, which could counterbalance the downgrade's negative impact. The mixed sentiment may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100