HC Wainwright & Co. Maintains Buy on Madrigal Pharmaceuticals, Raises Price Target to $405
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Ed Arce maintains a Buy rating on Madrigal Pharmaceuticals (MDGL) and raises the price target from $275 to $405.

March 12, 2024 | 10:23 am
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POSITIVE IMPACT
Madrigal Pharmaceuticals' price target has been raised from $275 to $405 by HC Wainwright & Co., maintaining a Buy rating.
The increase in the price target for Madrigal Pharmaceuticals by a reputable analyst firm like HC Wainwright & Co. signals a strong vote of confidence in the company's future prospects. This is likely to positively influence investor sentiment and could lead to a short-term increase in the stock price, given the significant jump in the target price and the maintenance of a Buy rating.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100