Wells Fargo Maintains Overweight on Affimed, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Yanan Zhu has maintained an Overweight rating on Affimed (NASDAQ:AFMD) but has lowered the price target from $30 to $25.
April 01, 2024 | 3:37 pm
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NEUTRAL IMPACT
Wells Fargo maintains an Overweight rating on Affimed but lowers the price target from $30 to $25.
The adjustment in price target by a major analyst like Wells Fargo can have a mixed impact on Affimed's stock. While maintaining an Overweight rating indicates a positive outlook, the reduction in price target could signal a tempered expectation for the stock's performance in the short term. Investors may react to the lowered price target by adjusting their expectations, but the continued positive rating suggests underlying confidence in the company's fundamentals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100