Oppenheimer Maintains Outperform on Cytokinetics, Lowers Price Target to $106
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Justin Kim maintains an Outperform rating on Cytokinetics (NASDAQ:CYTK) but lowers the price target from $107 to $106.

May 09, 2024 | 4:47 pm
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Oppenheimer maintains an Outperform rating on Cytokinetics but lowers the price target from $107 to $106.
The slight decrease in price target by Oppenheimer reflects a minor adjustment in valuation expectations for Cytokinetics. Given the Outperform rating is maintained, the impact on the stock is likely neutral in the short term, as the adjustment is minimal and the overall bullish stance remains unchanged.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100