Deutsche Bank Upgrades Repligen to Buy, Lowers Price Target to $155
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Justin Bowers has upgraded Repligen (NASDAQ:RGEN) from Hold to Buy, while lowering the price target from $180 to $155.
June 26, 2024 | 10:30 am
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Deutsche Bank has upgraded Repligen from Hold to Buy, indicating a positive outlook on the stock. However, the price target has been lowered from $180 to $155, suggesting a more conservative valuation.
The upgrade to Buy reflects a positive sentiment from Deutsche Bank, which is likely to boost investor confidence and potentially drive the stock price up in the short term. However, the lowered price target to $155 indicates a more cautious long-term outlook, which may temper some of the immediate gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100