Needham Maintains Buy on I-MAB, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Gil Blum maintains a Buy rating on I-MAB (NASDAQ:IMAB) but lowers the price target from $23 to $8.

February 08, 2024 | 8:12 pm
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Needham maintains a Buy rating on I-MAB but lowers the price target from $23 to $8.
The reduction in price target from $23 to $8 by Needham, despite maintaining a Buy rating, could lead to negative investor sentiment in the short term. This significant decrease in the price target may cause concerns about the company's future growth prospects or potential challenges it might be facing.
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