Ablynx NV – American Depositary Shares (ABLX) Stock Rating Lowered by Robert W. Baird

Ablynx NV – American Depositary Shares (NASDAQ:ABLX) was downgraded by investment analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday. They currently have a $33.00 target price on the stock. Robert W. Baird’s price target suggests a potential downside of 38.89% from the stock’s previous close.

Several other research analysts also recently commented on the stock. Bank of America initiated coverage on shares of Ablynx NV – American Depositary Shares in a report on Friday, November 10th. They issued a “buy” rating and a $26.00 price target for the company. Ladenburg Thalmann Financial Services initiated coverage on shares of Ablynx NV – American Depositary Shares in a report on Monday, November 20th. They issued a “buy” rating and a $30.00 price target for the company. Finally, JPMorgan Chase & Co. initiated coverage on shares of Ablynx NV – American Depositary Shares in a report on Monday, November 20th. They issued an “overweight” rating and a $25.00 price target for the company.

Ablynx NV – American Depositary Shares (ABLX) opened at $54.00 on Monday. Ablynx NV – American Depositary Shares has a fifty-two week low of $17.75 and a fifty-two week high of $54.54.

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