Health
Moderna Plunges On Downgrade — Is Coronavirus Vaccine Maker Overvalued? – Investor’s Business Daily
Moderna stock fell Monday on a downgrade after an analyst suggested the coronavirus vaccine maker is overvalued. He now has a neutral rating on MRNA stock.
Moderna stock tumbled Monday after an analyst suggested the coronavirus vaccine maker is overvalued.
XJPMorgan Chase analyst Cory Kasimov acknowledged Moderna’s (MRNA) rapid development of a coronavirus vaccine is “impressive,” but he downgraded Moderna stock to a neutral rating following a 385% gain this year, as of Friday’s close.
Kasimov remains bullish on Moderna’s chance to be one of the first companies to cross the finish line with a coronavirus vaccine. The biotech company is using a me…
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