Guggenheim Maintains Buy on Prime Medicine, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Debjit Chattopadhyay maintains a Buy rating on Prime Medicine (NASDAQ:PRME) but lowers the price target from $24 to $20.

March 05, 2024 | 5:04 pm
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Guggenheim maintains a Buy rating on Prime Medicine but lowers the price target from $24 to $20.
While the Buy rating reaffirms Guggenheim's positive outlook on PRME, the reduction in the price target may reflect a more cautious view on the company's short-term price potential. This could lead to mixed reactions in the market, with continued investor confidence due to the Buy rating, but potential concerns over the reasons behind the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100