D. Boral Capital analyst Jason Kolbert says investors should “stay the course” on Carisma Therapeutics (CARM) amid the rating downgrades following the company’s announcement to discontinue development of CT-0525 for HER2+ cancers. The firm, which has a Buy rating on the name with a $12 price target says it continues to assign “substantial value” to Carisma’s CAR-M platform. The platform’s “transformative potential” supports a Buy rating and Moderna’s (MRNA) confidence in Carisma “further reinforces our conviction,” contends D. Boral.
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Read More on CARM:
- Carisma Therapeutics downgraded to Neutral from Outperform at Baird
- Carisma Therapeutics downgraded to In Line from Outperform at Evercore ISI
- Carisma Therapeutics downgraded to Neutral from Buy at BTIG
- Carisma Therapeutics price target lowered to $12 from $24 at D. Boral Capital
- Carisma Therapeutics announces restructuring, 34% workforce reduction