Mizuho Maintains Buy on Axsome Therapeutics, Lowers Price Target to $108
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Graig Suvannavejh maintains a Buy rating on Axsome Therapeutics (AXSM) but lowers the price target from $112 to $108.
February 27, 2024 | 3:41 pm
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Mizuho maintains a Buy rating on Axsome Therapeutics but lowers the price target from $112 to $108.
While the reduction in price target from $112 to $108 by Mizuho could be seen as a negative adjustment, the maintenance of a Buy rating by analyst Graig Suvannavejh suggests a continued positive outlook on Axsome Therapeutics. The slight adjustment in price target might reflect recent market conditions or updates in the company's financials or pipeline, but the overall recommendation remains bullish. This could lead to a neutral short-term impact on AXSM's stock price as the market digests the mixed signals of a lower price target with a maintained Buy rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100