Citigroup Maintains Buy on Xenon Pharmaceuticals, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst David Hoang maintains a Buy rating on Xenon Pharmaceuticals (NASDAQ:XENE) but lowers the price target from $62 to $60.

May 10, 2024 | 9:38 pm
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Citigroup maintains a Buy rating on Xenon Pharmaceuticals but lowers the price target from $62 to $60.
The adjustment in price target by Citigroup reflects a slight change in valuation expectation for Xenon Pharmaceuticals, though the Buy rating indicates continued confidence in the company's prospects. This could lead to mixed reactions in the short term, as the market digests the lowered price target against the backdrop of sustained endorsement.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90