Barclays Maintains Overweight on Alvotech, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Balaji Prasad maintains an Overweight rating on Alvotech (NASDAQ:ALVO) but lowers the price target from $22 to $18.

July 25, 2024 | 12:23 pm
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NEUTRAL IMPACT
Barclays analyst Balaji Prasad maintains an Overweight rating on Alvotech but lowers the price target from $22 to $18. This indicates continued confidence in the stock but with a more conservative price outlook.
The Overweight rating suggests that Barclays still sees potential in Alvotech, but the lowered price target reflects a more cautious stance on its near-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