RBC Capital Maintains Sector Perform on Galapagos, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Brian Abrahams maintains a Sector Perform rating on Galapagos (NASDAQ:GLPG) but lowers the price target from $32 to $30.
November 01, 2024 | 5:07 pm
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RBC Capital has maintained its Sector Perform rating on Galapagos but has lowered the price target from $32 to $30, indicating a slightly less optimistic outlook.
The lowering of the price target by RBC Capital suggests a slightly less optimistic view on Galapagos' future performance, which could lead to a short-term negative impact on the stock price. The maintenance of the Sector Perform rating indicates that the stock is expected to perform in line with the sector.
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