Liquidia Stock Rating Downgraded by Wells Fargo & Company

Liquidia (NASDAQ:LQDA) has seen its rating downgraded by Wells Fargo & Company from 'strong-buy' to 'hold', as reported by Zacks. This decision was made in a note issued to investors on Thursday.

Several analysts have recently revised their ratings and price targets for LQDA. On July 24th, Piper Sandler set a $129.00 price objective, while Royal Bank Of Canada set a target of $130.00. In contrast, Oppenheimer reduced its price target to $75.00.

Currently, one analyst has given Liquidia a 'strong-buy' rating, three have assigned a 'buy' rating, six have issued a 'hold' rating, and two have given a 'sell' rating. The average rating for LQDA is 'hold', with an average price target of $83.69.

The company's stock opened at $28.64 on Thursday, with a 50-day moving average of $71.62 and a 200-day moving average of $62.02. Liquidia has a market capitalization of $2.56 billion, a P/E ratio of 20.91, and a beta of 0.61.