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Stock impact report

Truist Reiterates Buy Rating for Viridian Therapeutics (VRDN) [Yahoo! Finance]

Viridian Therapeutics, Inc. (VRDN) 
Company Research Source: Yahoo! Finance
On April 21, Truist reduced the price target on Viridian Therapeutics Inc. (NASDAQ:VRDN) from $36 to $33 while maintaining a Buy rating on the stock. Despite the downward revision in target price, the stock still offers an attractive upside potential of more than 140%, making it one of the best oversold small-cap names. Likoper/Shutterstock.com The firm is modifying its model based on revised assumptions around volume and pricing, keeping in mind a possible launch of Veli for both acute and chronic thyroid eye disease. It continues to hold positive sentiment towards the stock due to the visible catalysts ahead. On April 8, Laura Chico from Wedbush maintained an Outperform rating for Viridian Therapeutics Inc. (NASDAQ:VRDN) while reducing the target price from $37 to $31. The analyst noted that over the past several years, the company has effectively managed a number of competitive threats in the industry. However, Chico cautions that, in light of a recent pipeline update from Show less Read more
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