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Valneva SE (VALN) PT Lowered to $34 at Jefferies

June 27, 2022 8:46 AM EDT
Get Alerts VALN Hot Sheet
Price: $11.59 +0.43%

Rating Summary:
    4 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 9 | New: 24
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Jefferies analyst Maury Raycroft lowered the price target on Valneva SE (NASDAQ: VALN) to $34.00 (from $56.00) while maintaining a Buy rating.

The analyst commented, "Stock has been volatile w/ EC CoV19 supply agreement in question/program in doubt, offset by (+)CHMP opinion+MAA on inactivated CoV19 vaccine & PFE Lyme investment. We brought down our CoV19 ests. At this point, our base-case assumes a smaller EC contract, and the rest of VALN valuation is driven by ChikV/Lyme/Commercial potential; PT to $34, maintaining Buy, given risk/reward profile."



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