JP Morgan Maintains Overweight on Amicus Therapeutics, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Anupam Rama has maintained an Overweight rating on Amicus Therapeutics (NASDAQ:FOLD) but lowered the price target from $21 to $19.

March 18, 2024 | 11:49 am
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NEUTRAL IMPACT
JP Morgan analyst Anupam Rama maintains an Overweight rating on Amicus Therapeutics but lowers the price target from $21 to $19.
The maintenance of an Overweight rating by JP Morgan suggests a positive outlook on Amicus Therapeutics, indicating confidence in the company's future performance. However, the reduction in the price target from $21 to $19 may reflect adjustments in market conditions or expectations, potentially leading to short-term price volatility. The overall impact is neutral as the positive sentiment of maintaining an Overweight rating could balance out the negative sentiment from the lowered price target.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100