Piper Sandler Maintains Overweight on Acelyrin, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Yasmeen Rahimi maintains an Overweight rating on Acelyrin (NASDAQ:SLRN) but lowers the price target from $68 to $20.

August 14, 2024 | 4:04 pm
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NEGATIVE IMPACT
Piper Sandler maintains an Overweight rating on Acelyrin but significantly lowers the price target from $68 to $20.
The significant reduction in the price target from $68 to $20 suggests a negative outlook on Acelyrin's future performance despite maintaining an Overweight rating. This could lead to a short-term decline in the stock price as investors react to the lowered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100