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Stock impact report

Why Madrigal Pharmaceuticals Stock Slumped on Tuesday [Yahoo! Finance]

Madrigal Pharmaceuticals, Inc. (MDGL) 
Last madrigal pharmaceuticals, inc. earnings: 2/26 06:50 am Check Earnings Report
US:NASDAQ Investor Relations: madrigalpharma.com
Company Research Source: Yahoo! Finance
10 stocks we like better than Madrigal Pharmaceuticals › The New Year's Champagne turned flat for Madrigal Pharmaceuticals (NASDAQ: MDGL) on Tuesday. Investors traded out of the commercial-stage biotech following an analyst's recommendation downgrade. This resulted in the stock's price eroding by more than 5% that trading session. The prognosticator behind the downgrade was Wolfe Research's Andy Chen. Well before market open, Chen changed his recommendation on Madrigal to peerperform (hold, in other words) from his previous outperform (buy), at a $572 per share price target His main concern, according to reports, is that Madrigal stock is expensive relative to its performance following a significant bull run on its shares. This was aided greatly by the Food and Drug Administration's (FDA) 2024 approval of the company's Rezdiffra, which, for a time, made the drug the only approved treatment for the liver disorder now known as metabolic dysfunction-associated steatohepatitis (M Show less Read more
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