Leerink Partners Downgrades Fusion Pharmaceuticals to Market Perform, Raises Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Leerink Partners analyst Faisal Khurshid downgraded Fusion Pharmaceuticals (FUSN) from Outperform to Market Perform while raising the price target from $17 to $21.

March 19, 2024 | 11:16 am
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NEUTRAL IMPACT
Fusion Pharmaceuticals was downgraded by Leerink Partners from Outperform to Market Perform, though its price target was increased from $17 to $21.
The downgrade to Market Perform suggests a neutral outlook on FUSN's stock performance in the short term, indicating that the stock might not outperform the market as previously expected. However, the increase in the price target from $17 to $21 indicates a positive adjustment in the expected valuation of FUSN, which could counterbalance the downgrade's impact. Investors might see this as a sign of underlying value, despite the neutral performance outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100