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Al Rajhi Capital Downgrades Spimaco to Neutral, Raises PT
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08:34 AM EDT, 08/26/2026 (MT Newswires) -- Al Rajhi Capital on Wednesday lowered pharmaceutical manufacturer Saudi Pharmaceutical Industries and Medical Appliances Corp. (SASE:2070), d/b/a Spimaco, to neutral from overweight, while increasing its price target to 32.50 Saudi riyals from 31 riyals. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
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