H.C. Wainwright analyst Mitchell Kapoor downgraded Carisma Therapeutics (CARM) to Neutral from Buy without a price target after the company said it would be discontinuing development of its lead program, CT-0525. The firm awaits more strategic updates and clinical data before becoming more positive on the shares.
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Read More on CARM:
- Carisma investors should ‘stay the course,’ says D. Boral Capital
- 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