Baird Downgrades argenx to Neutral, Raises Price Target to $650
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Joel Beatty has downgraded argenx (NASDAQ:ARGX) from Outperform to Neutral, while raising the price target from $515 to $650.
November 01, 2024 | 10:43 am
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Baird analyst Joel Beatty downgraded argenx from Outperform to Neutral, but increased the price target from $515 to $650.
The downgrade from Outperform to Neutral suggests a less optimistic view on the stock's performance, which could lead to a neutral or slightly negative short-term impact. However, the raised price target to $650 indicates confidence in the stock's potential value, balancing the downgrade. This mixed signal results in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100