Chardan Capital Maintains Buy on Alnylam Pharmaceuticals, Lowers Price Target to $225
Portfolio Pulse from Benzinga Newsdesk
Chardan Capital analyst Keay Nakae maintains a Buy rating on Alnylam Pharmaceuticals (NASDAQ:ALNY) but lowers the price target from $250 to $225.
February 16, 2024 | 1:14 pm
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NEUTRAL IMPACT
Chardan Capital maintains a Buy rating on Alnylam Pharmaceuticals but lowers the price target from $250 to $225.
While the reduction in price target from $250 to $225 by Chardan Capital could be seen as a negative signal, the maintenance of a Buy rating suggests continued confidence in Alnylam Pharmaceuticals' long-term prospects. This mixed signal is likely to have a neutral short-term impact on ALNY's stock price, as the market balances the lowered price target with the reaffirmed positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100