HC Wainwright & Co. Maintains Buy on Mirum Pharmaceuticals, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Ed Arce maintains a Buy rating on Mirum Pharmaceuticals (NASDAQ:MIRM) but lowers the price target from $58 to $45.
February 29, 2024 | 8:07 pm
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NEUTRAL IMPACT
Mirum Pharmaceuticals maintains a Buy rating by HC Wainwright & Co., though the price target was reduced from $58 to $45.
While the maintenance of a Buy rating suggests continued confidence in Mirum Pharmaceuticals' fundamentals and future prospects, the reduction in the price target could indicate concerns about near-term challenges or valuation adjustments. This mixed signal might lead to short-term market uncertainty for MIRM's stock, but the overall positive stance could mitigate significant negative impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100