Mizuho Maintains Buy on Cytokinetics, Lowers Price Target to $99
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Salim Syed maintains a Buy rating on Cytokinetics (NASDAQ:CYTK) but lowers the price target from $103 to $99.
March 06, 2024 | 1:12 pm
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NEUTRAL IMPACT
Mizuho maintains a Buy rating on Cytokinetics but lowers the price target from $103 to $99.
While the reduction in the price target from $103 to $99 by Mizuho could be seen as a negative adjustment, the maintenance of a Buy rating by analyst Salim Syed suggests a continued positive outlook on Cytokinetics. The adjustment in price target reflects a recalibration of expectations rather than a fundamental shift in the company's prospects. Investors might interpret the lowered price target with caution, but the reaffirmation of the Buy rating indicates underlying confidence in the company's value and potential for growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100