Can-Fite price target lowered to $4.50 from $12 at Alliance Global Partners

Alliance Global Partners analyst James Molloy lowered the firm’s price target on Can-Fite BioPharma (CANF) to $4.50 from $12 and keeps a Buy rating on the shares following the Q4 report. The company announced multiple clinical and developmental milestones outlined for its lead oral A3 adenosine receptor agonist candidates, Piclidenoson and Namodenoson, the analyst tells investors in a research note.