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 15, 2024 | 11:28 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 adjustment in price target by HC Wainwright & Co. reflects a slight modification in their valuation assessment of Arvinas, likely due to updated financial or market analysis. Maintaining a Buy rating indicates a positive outlook on the company's future performance, but the lowered price target suggests a tempered expectation for the stock's short-term price appreciation. This could lead to a neutral short-term impact on the stock as investors digest the implications of the adjusted price target against the backdrop of a sustained positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100