HC Wainwright & Co. Maintains Buy on Aurinia Pharmaceuticals, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Ed Arce maintains a Buy rating on Aurinia Pharmaceuticals (NASDAQ:AUPH) but lowers the price target from $15 to $13.
February 22, 2024 | 11:44 am
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NEUTRAL IMPACT
Aurinia Pharmaceuticals' Buy rating is maintained by HC Wainwright & Co., but the price target is reduced from $15 to $13.
While the maintenance of a Buy rating suggests continued confidence in Aurinia Pharmaceuticals' long-term prospects, the reduction in the price target could indicate concerns about near-term challenges or valuation adjustments. This mixed signal might lead to short-term market uncertainty for AUPH, but the overall positive stance could help mitigate significant negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100