JMP Securities Reiterates Market Outperform on Madrigal Pharmaceuticals, Maintains $347 Price Target
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Jonathan Wolleben has reiterated a 'Market Outperform' rating on Madrigal Pharmaceuticals (MDGL) and maintained a price target of $347.

February 23, 2024 | 5:38 pm
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JMP Securities analyst Jonathan Wolleben has reiterated a 'Market Outperform' rating on Madrigal Pharmaceuticals with a maintained price target of $347.
The reiteration of a 'Market Outperform' rating and the maintenance of a high price target by a reputable analyst like Jonathan Wolleben can significantly boost investor confidence in Madrigal Pharmaceuticals. This positive outlook is likely to have a favorable impact on the stock price in the short term, as it reaffirms the company's strong potential and growth prospects in the eyes of investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100