Canaccord Genuity Maintains Buy on ACADIA Pharmaceuticals, Lowers Price Target to $33
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Canaccord Genuity analyst Sumant Kulkarni maintains a Buy rating on ACADIA Pharmaceuticals (ACAD) but lowers the price target from $40 to $33.

March 12, 2024 | 11:09 am
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Canaccord Genuity maintains a Buy rating on ACADIA Pharmaceuticals but lowers the price target from $40 to $33.
While the Buy rating reaffirms confidence in ACADIA Pharmaceuticals' long-term prospects, the reduction in price target may reflect adjustments in valuation expectations, possibly due to market conditions or company performance. This mixed signal could lead to short-term price volatility as investors reassess their expectations.
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IMPORTANCE 80
RELEVANCE 100