Citigroup Maintains Neutral on Ovid Therapeutics, Lowers Price Target to $1.2
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Yigal Nochomovitz maintains a Neutral rating on Ovid Therapeutics (NASDAQ:OVID) but lowers the price target from $3.5 to $1.2.
June 18, 2024 | 2:44 pm
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Citigroup analyst Yigal Nochomovitz maintains a Neutral rating on Ovid Therapeutics but significantly lowers the price target from $3.5 to $1.2.
The significant reduction in the price target from $3.5 to $1.2 by Citigroup suggests a negative outlook on Ovid Therapeutics' future performance. This is likely to result in a short-term decline in the stock price as investors react to the lowered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100