HC Wainwright & Co. Maintains Buy on Legend Biotech, Lowers Price Target to $86
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Mitchell Kapoor has maintained a Buy rating on Legend Biotech (NASDAQ:LEGN) but lowered the price target from $87 to $86.
May 14, 2024 | 10:56 am
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NEUTRAL IMPACT
Despite a slight reduction in the price target from $87 to $86, Legend Biotech retains a Buy rating from HC Wainwright & Co., indicating continued confidence in the company's prospects.
The minor adjustment in the price target suggests a slight recalibration of expectations rather than a fundamental change in the company's outlook. The continued Buy rating indicates that the analyst sees ongoing potential in Legend Biotech, which could maintain investor interest and support the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90