4D Molecular price target lowered to $33 from $38 at Barclays

Barclays analyst Gena Wang lowered the firm’s price target on 4D Molecular (FDMT) to $33 from $38 and keeps an Overweight rating on the shares. The firm views the company’s Q3 update as “largely incremental.” The Otsuka deal and equity offering extend 4D’s cash runway to the second half of 2028, the analyst tells investors in a research note.