Raymond James Downgrades Disc Medicine to Outperform, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Danielle Brill downgrades Disc Medicine (NASDAQ:IRON) from Strong Buy to Outperform and lowers the price target from $75 to $40.
April 01, 2024 | 6:25 pm
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NEGATIVE IMPACT
Disc Medicine was downgraded from Strong Buy to Outperform by Raymond James, with a significant reduction in price target from $75 to $40.
The downgrade from a Strong Buy to Outperform suggests a less optimistic outlook on Disc Medicine's stock by Raymond James. Additionally, the substantial decrease in the price target from $75 to $40 indicates a significant adjustment in the expected stock value, likely reflecting new data or analysis that could negatively impact investor sentiment and the stock's short-term price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100