Barclays Upgrades Deciphera Pharmaceuticals to Equal-Weight, Raises Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Peter Lawson upgraded Deciphera Pharmaceuticals (NASDAQ:DCPH) from Underweight to Equal-Weight and increased the price target from $9 to $26.
April 30, 2024 | 12:52 pm
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Deciphera Pharmaceuticals was upgraded by Barclays from Underweight to Equal-Weight, with a price target increase from $9 to $26.
The upgrade from Underweight to Equal-Weight by a major financial institution like Barclays, accompanied by a significant increase in the price target, suggests a positive reassessment of Deciphera Pharmaceuticals' market position, financial health, or growth prospects. This is likely to be viewed positively by the market, potentially leading to an increase in investor confidence and a rise in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100