Barclays analyst Peter Lawson lowered the firm’s price target on MacroGenics (MGNX) to $3 from $8 and keeps an Overweight rating on the shares post the earnings report. The firm de-risked the model to reflect the current market environment.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MGNX:
- MacroGenics reports Q1 EPS (65c), consensus (69c)
- MGNX Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- MacroGenics price target lowered to $2 from $4 at H.C. Wainwright
- MacroGenics: Hold Rating Amidst Development Halts and Financial Challenges
- MacroGenics Inc’s 2024 Earnings Call Highlights
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue