HC Wainwright & Co. Maintains Buy on Alector, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Andrew Fein maintains a Buy rating on Alector (NASDAQ:ALEC) but lowers the price target from $41 to $35.

May 09, 2024 | 5:59 pm
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NEUTRAL IMPACT
Alector's Buy rating is maintained by HC Wainwright & Co., but the price target is reduced from $41 to $35.
While the maintenance of a Buy rating indicates continued confidence in Alector's potential, the reduction in the price target could reflect adjustments in valuation metrics or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the new target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100