JP Morgan Maintains Overweight on Sage Therapeutics, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Anupam Rama maintains an Overweight rating on Sage Therapeutics (NASDAQ:SAGE) but lowers the price target from $29 to $28.
May 01, 2024 | 3:24 pm
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JP Morgan analyst Anupam Rama maintains an Overweight rating on Sage Therapeutics but lowers the price target from $29 to $28.
The adjustment in price target by a prominent analyst like Anupam Rama, while maintaining an Overweight rating, suggests a continued positive outlook on Sage Therapeutics with a slight adjustment in valuation expectations. This could lead to mixed reactions in the short term, as the market digests the slight decrease in target price against the backdrop of an overall positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100