Jones Trading Downgrades Lumos Pharma to Hold, Lowers Price Target to $4.25
Portfolio Pulse from Benzinga Newsdesk
Jones Trading has downgraded Lumos Pharma from Buy to Hold and significantly lowered its price target from $20 to $4.25.
October 23, 2024 | 9:09 pm
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Jones Trading has downgraded Lumos Pharma from Buy to Hold and significantly lowered its price target from $20 to $4.25.
The downgrade from Buy to Hold and the drastic reduction in the price target from $20 to $4.25 by Jones Trading is likely to negatively impact Lumos Pharma's stock price in the short term. Such a significant change in analyst rating and price target suggests a loss of confidence in the company's near-term prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100