HC Wainwright & Co. Maintains Buy on argenx, Lowers Price Target to $448
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Douglas Tsao maintains a Buy rating on argenx (NASDAQ:ARGX) but lowers the price target from $451 to $448.
May 10, 2024 | 7:33 pm
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NEUTRAL IMPACT
Despite a slight reduction in the price target from $451 to $448 by HC Wainwright & Co., the firm maintains a Buy rating on argenx, indicating continued confidence in the company's prospects.
The minor adjustment in price target is typically seen as a fine-tuning rather than a significant change in outlook. The maintenance of a Buy rating suggests that the analyst sees ongoing potential in argenx, which could neutralize the impact of the slight price target reduction on investor sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100