B of A Securities Maintains Neutral on ACADIA Pharmaceuticals, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Tazeen Ahmad maintains a Neutral rating on ACADIA Pharmaceuticals (ACAD) and lowers the price target from $33 to $30.
March 12, 2024 | 11:26 am
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NEGATIVE IMPACT
B of A Securities maintains a Neutral rating on ACADIA Pharmaceuticals and lowers the price target from $33 to $30.
The reduction in price target by B of A Securities suggests a tempered outlook for ACADIA Pharmaceuticals, potentially leading to a negative short-term impact on its stock price. The maintenance of a Neutral rating indicates that the analyst sees limited upside or downside potential from the current price level, but the lowering of the price target could influence market perception negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100