Citigroup Maintains Buy on ORIC Pharmaceuticals, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Yigal Nochomovitz maintains a Buy rating on ORIC Pharmaceuticals, but lowers the price target from $15 to $14.
May 07, 2024 | 5:37 pm
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Citigroup maintains a Buy rating on ORIC Pharmaceuticals and lowers the price target from $15 to $14.
The adjustment in price target by Citigroup, while maintaining a Buy rating, suggests a positive outlook on ORIC Pharmaceuticals but with a slightly reduced growth expectation. This could lead to mixed reactions in the short term, as the market digests the lowered price target against the backdrop of continued endorsement by a major analyst.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90