B. Riley Securities Maintains Buy on Novavax, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has maintained a Buy rating on Novavax (NASDAQ:NVAX) but lowered the price target from $29 to $25.
August 02, 2024 | 4:07 pm
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B. Riley Securities has maintained a Buy rating on Novavax but lowered the price target from $29 to $25, indicating a cautious optimism.
The maintained Buy rating suggests continued confidence in Novavax's potential, but the lowered price target reflects some concerns or adjustments in expectations. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100