HC Wainwright & Co. Downgrades Agenus to Neutral, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. has downgraded Agenus (NASDAQ:AGEN) from Buy to Neutral and lowered the price target from $40 to $9.
July 18, 2024 | 4:38 pm
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NEGATIVE IMPACT
HC Wainwright & Co. has downgraded Agenus from Buy to Neutral and significantly lowered the price target from $40 to $9, indicating a less optimistic outlook for the stock.
The downgrade from Buy to Neutral and the drastic reduction in the price target from $40 to $9 by HC Wainwright & Co. suggests a significant loss of confidence in Agenus' near-term performance. This is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100