EF Hutton Maintains Buy on Apollomics, Lowers Price Target to $6.5
Portfolio Pulse from Benzinga Newsdesk
EF Hutton analyst Michael King has maintained a Buy rating on Apollomics (NASDAQ:APLM) but has lowered the price target from $11 to $6.5.

April 01, 2024 | 12:39 pm
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EF Hutton has maintained a Buy rating on Apollomics but lowered the price target from $11 to $6.5.
While the maintenance of a Buy rating suggests continued confidence in Apollomics' fundamentals or growth prospects, the reduction in the price target could reflect adjustments in valuation metrics, market conditions, or company-specific factors. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the implications.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100