Wells Fargo Maintains Overweight on Rhythm Pharmaceuticals, Lowers Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Derek Archila has maintained an Overweight rating on Rhythm Pharmaceuticals (NASDAQ:RYTM) but lowered the price target from $53 to $52.

April 18, 2024 | 12:59 pm
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Wells Fargo maintains an Overweight rating on Rhythm Pharmaceuticals but lowers the price target from $53 to $52.
The adjustment in price target by a prominent analyst like Derek Archila could signal a slight recalibration of expectations for Rhythm Pharmaceuticals, but the maintenance of an Overweight rating suggests continued confidence in the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors digest the implications.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100