Cantor Fitzgerald Maintains Overweight on ACADIA Pharmaceuticals, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Charles Duncan has maintained an Overweight rating on ACADIA Pharmaceuticals (ACAD) but has lowered the price target from $42 to $37.
March 12, 2024 | 1:25 pm
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Cantor Fitzgerald has maintained an Overweight rating on ACADIA Pharmaceuticals but reduced the price target from $42 to $37.
The reduction in the price target from $42 to $37 by a reputable analyst firm like Cantor Fitzgerald could lead to a negative short-term sentiment among investors, potentially causing a decrease in ACAD's stock price. The maintenance of an Overweight rating indicates a positive outlook on the company's fundamentals, but the lowered price target may overshadow this optimism in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100