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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100