Piper Sandler Maintains Overweight on Biomea Fusion, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Joseph Catanzaro maintains an Overweight rating on Biomea Fusion (NASDAQ:BMEA) but lowers the price target from $45 to $10.
June 07, 2024 | 2:05 pm
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Piper Sandler maintains an Overweight rating on Biomea Fusion but significantly lowers the price target from $45 to $10, indicating a more cautious outlook.
The significant reduction in the price target from $45 to $10 suggests a more cautious outlook on Biomea Fusion's future performance, which is likely to negatively impact the stock price in the short term despite the maintained Overweight rating.
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IMPORTANCE 80
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