JP Morgan Downgrades Rallybio to Neutral
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Anupam Rama has downgraded Rallybio (NASDAQ:RLYB) from Overweight to Neutral.
May 15, 2024 | 4:20 pm
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JP Morgan analyst Anupam Rama downgraded Rallybio from Overweight to Neutral, which may indicate a less optimistic outlook for the company's stock performance.
A downgrade from a major financial institution like JP Morgan typically signals a less favorable view on the stock, which can lead to a decrease in investor confidence and a potential short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100