Evercore ISI Group Maintains In-Line on NovoCure, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has maintained an 'In-Line' rating for NovoCure (NASDAQ:NVCR) but has lowered its price target from $21 to $18.
October 01, 2024 | 4:55 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Evercore ISI Group has maintained an 'In-Line' rating for NovoCure but has lowered its price target from $21 to $18, indicating a less optimistic outlook.
The lowering of the price target by Evercore ISI Group suggests a less optimistic view on NovoCure's future performance, which could lead to short-term downward pressure on the stock price. The 'In-Line' rating indicates that the stock is expected to perform in line with the market, but the reduced price target reflects potential challenges or lower growth expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100