UBS Downgrades Royalty Pharma to Neutral, Announces $28 Price Target
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Ashwani Verma has downgraded Royalty Pharma (NASDAQ:RPRX) from Buy to Neutral and set a price target of $28.
June 03, 2024 | 3:50 pm
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UBS analyst Ashwani Verma downgraded Royalty Pharma from Buy to Neutral and set a price target of $28.
The downgrade from Buy to Neutral by a major analyst like UBS is likely to negatively impact investor sentiment and could lead to a short-term decline in the stock price. The new price target of $28 also suggests limited upside potential.
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