Evercore ISI Group Maintains Outperform on Savara, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has maintained its 'Outperform' rating on Savara (NASDAQ:SVRA) but has lowered the price target from $10 to $7.
May 16, 2024 | 5:01 pm
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NEUTRAL IMPACT
Evercore ISI Group has maintained its 'Outperform' rating on Savara but has lowered the price target from $10 to $7. This indicates confidence in the company's performance but suggests a more conservative valuation.
The 'Outperform' rating suggests that Evercore ISI Group still believes in the company's potential, but the lowered price target indicates a more cautious outlook on its valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100