B of A Securities Downgrades Fulcrum Therapeutics to Underperform, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Fulcrum Therapeutics from Neutral to Underperform and significantly lowered its price target from $10 to $2.
September 12, 2024 | 5:55 pm
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NEGATIVE IMPACT
B of A Securities has downgraded Fulcrum Therapeutics from Neutral to Underperform, reducing the price target from $10 to $2, indicating a negative outlook.
The downgrade from Neutral to Underperform by a major analyst firm like B of A Securities, along with a drastic reduction in the price target from $10 to $2, suggests a significant negative sentiment towards Fulcrum Therapeutics. This is likely to lead to a decrease in investor confidence and a short-term decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100