Oppenheimer Maintains Outperform on Arvinas, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Matthew Biegler maintains an Outperform rating on Arvinas (NASDAQ:ARVN) but lowers the price target from $50 to $40.

October 31, 2024 | 12:53 pm
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Oppenheimer has maintained its Outperform rating on Arvinas but has lowered the price target from $50 to $40, indicating a more cautious outlook.
The maintenance of an Outperform rating suggests continued confidence in Arvinas, but the lowered price target indicates a more cautious outlook, likely due to revised expectations or market conditions. This could lead to a short-term negative impact on the stock price as investors adjust to the new target.
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IMPORTANCE 80
RELEVANCE 100