Leerink Partners Downgrades Synlogic to Market Perform, Announces $1 Price Target
Portfolio Pulse from Benzinga Newsdesk
Leerink Partners analyst Joseph Schwartz downgraded Synlogic (NASDAQ:SYBX) from Outperform to Market Perform and set a $1 price target.

February 09, 2024 | 12:22 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Synlogic was downgraded by Leerink Partners from Outperform to Market Perform with a $1 price target.
The downgrade from Outperform to Market Perform by a reputable analyst firm like Leerink Partners, coupled with the setting of a low price target ($1), suggests a bearish outlook on Synlogic's stock. This could lead to a decrease in investor confidence and potentially lower the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100