Baird Maintains Outperform on ACADIA Pharmaceuticals, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Joel Beatty has maintained an Outperform rating on ACADIA Pharmaceuticals (NASDAQ:ACAD) but lowered the price target from $31 to $28.

May 09, 2024 | 10:40 am
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NEUTRAL IMPACT
Baird maintains an Outperform rating on ACADIA Pharmaceuticals but lowers the price target from $31 to $28.
While the reduction in price target could suggest a tempered outlook on ACADIA Pharmaceuticals' short-term price potential, the maintenance of an Outperform rating by Baird indicates a continued positive long-term view on the company's prospects. This mixed signal could lead to neutral short-term price movement as investors digest both the positive rating and the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100