BofA lowered the firm’s price target on Annexon (ANNX) to $8 from $9 and keeps a Buy rating on the shares. Following the company’s Q3 update, the firm lowered its gross pipeline value estimate to $150M from $300M and also notes that the company announced a $75M public offering.
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Read More on ANNX:
- Annexon price target lowered to $8 from $9 at BofA
- Annexon Biosciences Completes Successful Public Offering
- Annexon 25.1M share Spot Secondary priced at $2.60
- Annexon announces $75M common stock, warrants offering
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