Goldman Sachs Maintains Buy on Moderna, Lowers Price Target to $139
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Salveen Richter maintains a Buy rating on Moderna but lowers the price target from $178 to $139.

September 16, 2024 | 2:15 pm
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Goldman Sachs has maintained its Buy rating on Moderna but has reduced the price target from $178 to $139, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in Moderna's prospects, but the lowered price target reflects a more cautious outlook, possibly due to market conditions or company performance. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100