Guggenheim Maintains Buy on Valneva, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Evan Wang maintains a Buy rating on Valneva (NASDAQ:VALN) but lowers the price target from $18 to $17.

March 22, 2024 | 5:59 pm
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NEUTRAL IMPACT
Guggenheim maintains a Buy rating on Valneva but lowers the price target from $18 to $17.
While the reduction in the price target from $18 to $17 by Guggenheim could be seen as a negative signal, the maintenance of a Buy rating by analyst Evan Wang suggests continued confidence in Valneva's fundamentals. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the lowered price target against the sustained positive outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100