Baird Maintains Outperform on argenx, Lowers Price Target to $490
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Joel Beatty has maintained an Outperform rating on argenx (NASDAQ:ARGX) but lowered the price target from $505 to $490.

March 01, 2024 | 12:47 pm
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Baird analyst Joel Beatty maintains an Outperform rating on argenx but lowers the price target from $505 to $490.
While the reduction in price target might suggest a slightly less optimistic view on the stock's future price movement, the maintenance of an Outperform rating indicates a continued positive outlook on argenx's performance. This mixed signal could lead to a neutral short-term impact on the stock price as investors weigh the lowered price target against the reaffirmed confidence in the company's prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100