Mizuho Maintains Buy on Harmony Biosciences, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Graig Suvannavejh maintains a Buy rating on Harmony Biosciences (NASDAQ:HRMY) but lowers the price target from $42 to $40.
February 27, 2024 | 3:43 pm
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NEUTRAL IMPACT
Mizuho maintains a Buy rating on Harmony Biosciences but lowers the price target from $42 to $40.
While the reduction in price target from $42 to $40 by Mizuho could suggest a slightly less optimistic outlook on Harmony Biosciences' stock value, the maintenance of a Buy rating indicates continued confidence in the company's potential. This mixed signal might lead to a neutral short-term impact on HRMY's stock price as investors weigh the lowered price target against the sustained positive rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90