Barclays Maintains Overweight on Solid Biosciences, Raises Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Gena Wang maintains an Overweight rating on Solid Biosciences (NASDAQ:SLDB) and raises the price target from $8 to $21, indicating a positive outlook on the company's stock.
March 18, 2024 | 10:25 am
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Barclays analyst Gena Wang maintains an Overweight rating on Solid Biosciences and raises the price target from $8 to $21.
The significant increase in the price target from $8 to $21 by a reputable analyst at Barclays suggests a strong bullish outlook on Solid Biosciences. This adjustment reflects positive expectations for the company's future performance, likely based on recent developments or financial results. Such a substantial revision typically leads to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100