JMP Securities Maintains Market Outperform on argenx, Lowers Price Target to $468
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Jason Butler has maintained a Market Outperform rating on argenx (NASDAQ:ARGX) but lowered the price target from $471 to $468.
May 10, 2024 | 4:43 pm
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JMP Securities maintains a positive outlook on argenx with a Market Outperform rating, though the price target was slightly reduced from $471 to $468.
The adjustment in price target by JMP Securities is minor, suggesting a continued positive outlook on argenx's performance. However, such a small change is unlikely to have a significant short-term impact on the stock price, but it reaffirms the analyst's confidence in the company's fundamentals. The maintenance of a Market Outperform rating indicates a belief in the company's potential to outperform the market, which could be seen as a positive signal by investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100