JP Morgan Maintains Overweight on ACADIA Pharmaceuticals, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tessa Romero maintains an Overweight rating on ACADIA Pharmaceuticals (ACAD) but lowers the price target from $32 to $29.

March 01, 2024 | 12:49 pm
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JP Morgan maintains an Overweight rating on ACADIA Pharmaceuticals but lowers the price target from $32 to $29.
While the reduction in price target could suggest a tempered outlook on ACADIA Pharmaceuticals' short-term price potential, the maintenance of an Overweight rating by a major analyst like JP Morgan indicates continued confidence in the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the sustained positive rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100