Stephens & Co. Maintains Overweight on Bio-Techne, Lowers Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Jacob Johnson maintains an Overweight rating on Bio-Techne (NASDAQ:TECH) but lowers the price target from $92 to $87.

February 02, 2024 | 5:29 pm
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NEUTRAL IMPACT
Bio-Techne's Overweight rating is maintained by Stephens & Co., but the price target is reduced from $92 to $87.
While the maintenance of an Overweight rating suggests continued confidence in Bio-Techne's fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the news.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90