JP Morgan Downgrades Pacira BioSciences to Underweight, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Hardik Parikh has downgraded Pacira BioSciences (NASDAQ:PCRX) from Overweight to Underweight and significantly lowered the price target from $45 to $10.

August 12, 2024 | 10:26 am
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JP Morgan analyst Hardik Parikh downgraded Pacira BioSciences from Overweight to Underweight and reduced the price target from $45 to $10.
The downgrade from Overweight to Underweight and the significant reduction in the price target from $45 to $10 by a major financial institution like JP Morgan is likely to negatively impact investor sentiment and lead to a short-term decline in PCRX's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100