BMO Capital Maintains Outperform on Disc Medicine, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Evan Seigerman has maintained an Outperform rating on Disc Medicine (NASDAQ:IRON) but has lowered the price target from $80 to $50.

April 02, 2024 | 4:14 pm
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BMO Capital maintains an Outperform rating on Disc Medicine but lowers the price target from $80 to $50.
The reduction in price target from $80 to $50 by a reputable analyst firm like BMO Capital could lead to a negative short-term sentiment among investors, potentially causing a decrease in the stock price of Disc Medicine. The maintenance of an Outperform rating indicates a positive outlook on the company's fundamentals, but the significant cut in the price target may overshadow this optimism in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100