Citigroup Maintains Buy on Ardelyx, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Yigal Nochomovitz maintains a Buy rating on Ardelyx (NASDAQ:ARDX) but lowers the price target from $14 to $10.
July 05, 2024 | 2:58 pm
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Citigroup analyst Yigal Nochomovitz maintains a Buy rating on Ardelyx but lowers the price target from $14 to $10.
The maintained Buy rating suggests continued confidence in Ardelyx's prospects, but the lowered price target indicates tempered expectations for its short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100