HC Wainwright & Co. Maintains Buy on Arvinas, Lowers Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Andrew Fein maintains a Buy rating on Arvinas (NASDAQ:ARVN) but lowers the price target from $90 to $87.
April 12, 2024 | 11:15 am
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NEUTRAL IMPACT
Arvinas' Buy rating is maintained by HC Wainwright & Co., though the price target is reduced from $90 to $87.
The maintenance of a Buy rating indicates continued confidence in Arvinas' potential, despite a slight reduction in the price target. This adjustment reflects a nuanced view of the company's valuation, possibly due to updated financial analysis or market conditions. The impact on the stock price is likely neutral in the short term, as the reaffirmation of the Buy rating balances the minor adjustment in the price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100