UBS Maintains Buy on Amicus Therapeutics, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Karl Chalabala maintains a Buy rating on Amicus Therapeutics (NASDAQ:FOLD) but lowers the price target from $20 to $19.

May 10, 2024 | 6:20 pm
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NEUTRAL IMPACT
UBS maintains a Buy rating on Amicus Therapeutics but lowers the price target from $20 to $19, indicating continued confidence in the company's prospects albeit with a slightly reduced valuation.
The adjustment in price target by UBS reflects a nuanced view on Amicus Therapeutics' valuation, suggesting a positive outlook but with a slight reduction in expected price performance. This could lead to a neutral short-term impact on the stock as the market digests the implications of a lower price target against the backdrop of a maintained Buy rating.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90