Theravance Biopharma shares are trading lower after the company reported mixed Q2 financial results. Also, Leerink Partners downgraded the stock from Outperform to Market Perform and lowered its price target from $15 to $10.
Portfolio Pulse from Benzinga Newsdesk
Theravance Biopharma shares are trading lower after the company reported mixed Q2 financial results. Additionally, Leerink Partners downgraded the stock from Outperform to Market Perform and lowered its price target from $15 to $10.
August 06, 2024 | 6:37 pm
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Theravance Biopharma shares are trading lower due to mixed Q2 financial results and a downgrade from Leerink Partners, which also lowered its price target from $15 to $10.
The mixed Q2 financial results indicate potential issues in the company's performance, which is further compounded by Leerink Partners' downgrade and reduced price target. This combination is likely to negatively impact investor sentiment and the stock price in the short term.
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