Stevanato Group S.p.A. (STVN) shares plummeted 5.57% in pre-market trading on Thursday, following a significant price target reduction from a major financial institution.
The sharp decline came after Citi lowered its price target on Stevanato Group to $26 from $32, representing a substantial downward revision. While the firm maintained its Buy rating on the shares, the reduced price target suggests tempered expectations for the company's future stock performance.
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