Needham Maintains Buy on Revance Therapeutics, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Serge Belanger maintains a Buy rating on Revance Therapeutics (NASDAQ:RVNC) but lowers the price target from $20 to $18.
February 29, 2024 | 1:34 pm
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Needham maintains a Buy rating on Revance Therapeutics but lowers the price target from $20 to $18.
While the maintenance of a Buy rating suggests continued confidence in Revance Therapeutics' fundamentals, the reduction in price target could indicate a reassessment of the company's near-term growth prospects or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100