Mizuho Maintains Neutral on ACADIA Pharmaceuticals, Lowers Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Uy Ear maintains a Neutral rating on ACADIA Pharmaceuticals (ACAD) and lowers the price target from $25 to $21.
May 09, 2024 | 11:47 am
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NEGATIVE IMPACT
Mizuho analyst Uy Ear maintains a Neutral rating on ACADIA Pharmaceuticals and lowers the price target from $25 to $21.
The reduction in price target by Mizuho reflects a negative outlook on ACADIA Pharmaceuticals' stock price in the short term. A lower price target, especially when maintained by a neutral stance, suggests that the analyst sees limited upside potential and possible downside risks. This could lead to a negative perception among investors, potentially impacting the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100