Citigroup Maintains Sell on Blueprint Medicines, Raises Price Target to $76
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst David Lebowitz maintains a Sell rating on Blueprint Medicines (NASDAQ:BPMC) but raises the price target from $65 to $76.
May 03, 2024 | 9:55 pm
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Citigroup maintains a Sell rating on Blueprint Medicines but increases the price target from $65 to $76.
The adjustment in price target by Citigroup, despite maintaining a Sell rating, suggests a nuanced view on BPMC's valuation. The increase in price target could imply that Citigroup sees some positive aspects in BPMC's fundamentals or market position that justify a higher valuation, yet not enough to change the overall Sell recommendation. This could lead to short-term negative sentiment as the market digests the implications of a Sell rating with a higher price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100