Goldman Sachs Maintains Buy on Apellis Pharmaceuticals, Lowers Price Target to $77
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Salveen Richter maintains a Buy rating on Apellis Pharmaceuticals (NASDAQ:APLS) but lowers the price target from $90 to $77.
July 17, 2024 | 3:57 pm
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NEUTRAL IMPACT
Goldman Sachs maintains a Buy rating on Apellis Pharmaceuticals but lowers the price target from $90 to $77.
The Buy rating suggests continued confidence in Apellis Pharmaceuticals' long-term prospects, but the lowered price target indicates some caution regarding short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100