Goldman Sachs Downgrades uniQure to Neutral, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Salveen Richter downgraded uniQure (NASDAQ:QURE) from Buy to Neutral and significantly reduced the price target from $63 to $8, indicating a bearish outlook on the company's stock.

February 29, 2024 | 4:09 pm
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Goldman Sachs downgraded uniQure from Buy to Neutral and lowered the price target from $63 to $8, suggesting a negative short-term outlook.
The downgrade by a prominent analyst like Salveen Richter from Goldman Sachs from Buy to Neutral, coupled with a drastic reduction in the price target, is a strong signal of a bearish outlook on uniQure. This is likely to influence investor sentiment negatively and could lead to a short-term decline in the stock price. The significant cut in the price target reflects lowered expectations for the company's future performance, which could deter potential investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100