Truist Securities Maintains Buy on Coherus BioSciences, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Robyn Karnauskas maintains a Buy rating on Coherus BioSciences (CHRS) but lowers the price target from $8 to $7.
May 13, 2024 | 12:19 pm
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Truist Securities maintains a Buy rating on Coherus BioSciences but lowers the price target from $8 to $7, indicating a positive outlook with a slightly reduced valuation.
The maintenance of a Buy rating by Truist Securities suggests a positive outlook on Coherus BioSciences, indicating confidence in the company's future performance. However, the reduction in the price target from $8 to $7 reflects a slight adjustment in valuation, possibly due to revised earnings expectations or market conditions. This could lead to short-term price stability with potential for growth, as the market absorbs the implications of the adjusted price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100