Stock Track | Mesoblast Plummets 8.93% Intraday After Jefferies Cuts Price Target

Stock Track

03/02

Mesoblast Ltd's stock plummeted 8.93% during Monday's intraday trading session following a downward revision of its price target by investment firm Jefferies.

The stock decline came after Jefferies reduced its price target for Mesoblast to AU$3.20 per share from AU$3.50 per share, while maintaining a buy rating on the stock. The price target adjustment was part of a broader review of Australian healthcare stocks by the firm.

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