Stock Track | Bio-Techne Plummets 5.15% Intraday After Analysts Cut Price Targets

Stock Track05-08

Bio-Techne's stock plummeted 5.15% during intraday trading on Friday.

The decline follows price target reductions from at least two analysts. Deutsche Bank cut its target on Bio-Techne to $66 from $75, while maintaining a buy rating. Separately, Stephens adjusted its price target to $68 from $80.

According to FactSet data, Bio-Techne has an average rating of overweight. The analyst actions likely contributed to the negative investor sentiment and selling pressure during the session.

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