Citigroup Maintains Buy on Biomea Fusion, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Yigal Nochomovitz maintains a Buy rating on Biomea Fusion (NASDAQ:BMEA) but lowers the price target from $45 to $22.
August 27, 2024 | 2:36 pm
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Citigroup's analyst Yigal Nochomovitz maintains a Buy rating on Biomea Fusion but significantly lowers the price target from $45 to $22, indicating a more cautious outlook.
The reduction in the price target from $45 to $22 by Citigroup suggests a more cautious outlook on Biomea Fusion's future performance, which could lead to a negative short-term impact on the stock price despite the maintained Buy rating.
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