UBS Maintains Neutral on 10x Genomics, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Dan Leonard maintains a Neutral rating on 10x Genomics (NASDAQ:TXG) and lowers the price target from $25 to $20.
October 30, 2024 | 2:25 pm
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UBS analyst Dan Leonard has maintained a Neutral rating on 10x Genomics but has lowered the price target from $25 to $20, indicating a less optimistic outlook.
The lowering of the price target from $25 to $20 by UBS suggests a less optimistic view on the stock's potential, which could lead to a negative short-term impact on the stock price. The Neutral rating indicates no strong buy or sell recommendation, but the reduced price target may influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100