Leerink Partners Maintains Market Perform on Recursion Pharmaceuticals, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Leerink Partners has maintained a Market Perform rating on Recursion Pharmaceuticals (NASDAQ:RXRX) but has lowered the price target from $9 to $8.
September 03, 2024 | 5:36 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Leerink Partners has maintained a Market Perform rating on Recursion Pharmaceuticals but lowered the price target from $9 to $8, indicating a slightly less optimistic outlook.
The lowering of the price target from $9 to $8 by Leerink Partners suggests a less optimistic view on the stock's potential, which could lead to a negative short-term impact on RXRX's stock price. The Market Perform rating indicates that the stock is expected to perform in line with the market, but the reduced price target may cause some investors to reassess their positions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100