Mizuho Maintains Buy on Adverum Biotechnologies, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Graig Suvannavejh maintains a Buy rating on Adverum Biotechnologies (ADVM) but lowers the price target from $40 to $22.

April 29, 2024 | 11:33 am
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Mizuho maintains a Buy rating on Adverum Biotechnologies but reduces the price target from $40 to $22.
While the Buy rating suggests continued confidence in Adverum Biotechnologies' long-term prospects, the significant reduction in the price target could indicate concerns about near-term challenges or valuation adjustments. This mixed signal might lead to short-term market uncertainty for ADVM's stock, but the maintained Buy rating could buffer negative impacts.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100