Moderna (MRNA) Price Target Cut to $28 by Bernstein Amid Political Challenges | MRNA Stock News

3 days ago

Bernstein has adjusted its price target for Moderna (MRNA, Financial), lowering it from $39 to $28. This adjustment reflects the current political challenges impacting the company's stock. Despite maintaining a Market Perform rating, Bernstein has indicated that minimal to no revenue is expected for Moderna in the first quarter of the year.

The firm plans to closely monitor any developments within Moderna’s pipeline, especially in light of new vaccines and the evolving sentiment regarding mRNA technology. Particular attention will be given to potential shifts in expectations following assessments and guidance from the newly appointed Secretary of Health and Human Services.

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