Needham Maintains Buy on Merus, Lowers Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ami Fadia maintains a Buy rating on Merus (NASDAQ:MRUS) but lowers the price target from $92 to $85.
August 05, 2024 | 9:31 am
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Needham analyst Ami Fadia maintains a Buy rating on Merus but lowers the price target from $92 to $85.
The Buy rating suggests continued confidence in Merus's prospects, but the lowered price target indicates some tempered expectations. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100