Barclays Maintains Equal-Weight on Pacific Biosciences, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Luke Sergott has maintained an Equal-Weight rating on Pacific Biosciences (NASDAQ:PACB) and reduced the price target from $8 to $3.
April 10, 2024 | 7:29 pm
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Barclays has maintained an Equal-Weight rating on Pacific Biosciences but lowered the price target from $8 to $3.
The reduction in price target by Barclays, a major financial institution, suggests a bearish outlook on the stock's short-term price potential. This could lead to negative sentiment among investors and potentially lower stock prices in the short term.
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