Truist Securities Downgrades Fusion Pharmaceuticals to Hold, Raises Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Nicole Germino downgraded Fusion Pharmaceuticals (NASDAQ:FUSN) from Buy to Hold while raising the price target from $11 to $21.

March 19, 2024 | 3:56 pm
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NEUTRAL IMPACT
Fusion Pharmaceuticals was downgraded from Buy to Hold by Truist Securities, but the price target was raised from $11 to $21.
The downgrade to Hold suggests a neutral outlook on the stock's immediate price movement, indicating that the stock might not have significant upside or downside in the short term. However, the increase in the price target from $11 to $21 reflects a positive long-term outlook on the company's valuation, potentially due to improved fundamentals or market position. This mixed signal could lead to short-term price stability as investors reassess the company's prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100