Citi Puts Moderna 60% Below Market at $80

Citi values Moderna at $80 a share, about 60% below Tuesday's close, per Sept. 30 note reported by CNBC. In plain terms, Citi thinks the stock sheds three-fifths of its value in its forecast window. My take: that's a guide to value, not when to act — market price and Citi are far apart.