Citigroup Maintains Buy on Biomea Fusion, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Yigal Nochomovitz maintains a Buy rating on Biomea Fusion (NASDAQ:BMEA) but lowers the price target from $90 to $45.

June 07, 2024 | 6:26 pm
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Citigroup analyst Yigal Nochomovitz maintains a Buy rating on Biomea Fusion but lowers the price target from $90 to $45.
The lowered price target from $90 to $45 suggests a more cautious outlook on Biomea Fusion's future performance, which could negatively impact investor sentiment in the short term despite the maintained Buy rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100