Citigroup Maintains Buy on Zai Lab, Lowers Price Target to $66
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Yigal Nochomovitz has maintained a Buy rating on Zai Lab (NASDAQ:ZLAB) but has lowered the price target from $123 to $66.
February 29, 2024 | 5:18 pm
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Citigroup has maintained its Buy rating on Zai Lab but reduced the price target from $123 to $66.
The reduction in the price target by Citigroup, despite maintaining a Buy rating, could lead to short-term negative sentiment among investors, potentially causing a decrease in Zai Lab's stock price. The significant drop in the target price suggests a reassessment of the company's future growth prospects or market conditions, which investors may view negatively.
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IMPORTANCE 90
RELEVANCE 100