JP Morgan Maintains Overweight on Apellis Pharmaceuticals, Lowers Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Anupam Rama maintains an Overweight rating on Apellis Pharmaceuticals (NASDAQ:APLS) but lowers the price target from $72 to $64.
August 13, 2024 | 12:31 pm
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JP Morgan analyst Anupam Rama maintains an Overweight rating on Apellis Pharmaceuticals but lowers the price target from $72 to $64.
The Overweight rating suggests a positive outlook, but the lowered price target indicates 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