Citigroup Maintains Buy on Macrogenics, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Yigal Nochomovitz maintains a Buy rating on Macrogenics (NASDAQ:MGNX) but lowers the price target from $16 to $14.
August 15, 2024 | 2:25 pm
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Citigroup analyst Yigal Nochomovitz maintains a Buy rating on Macrogenics but lowers the price target from $16 to $14.
The maintained Buy rating suggests continued confidence in Macrogenics' 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