Citigroup Maintains Buy on Madrigal Pharmaceuticals, Lowers Price Target to $371
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst David Lebovitz maintains a Buy rating on Madrigal Pharmaceuticals (NASDAQ:MDGL) but lowers the price target from $382 to $371.
August 08, 2024 | 7:21 pm
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Citigroup analyst David Lebovitz maintains a Buy rating on Madrigal Pharmaceuticals but lowers the price target from $382 to $371.
The maintained Buy rating suggests continued confidence in Madrigal Pharmaceuticals' 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