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Cartesian price target lowered to $40 from $45 at H.C. Wainwright

Cartesian price target lowered to $40 from $45 at H.C. Wainwright

H.C. Wainwright lowered the firm’s price target on Cartesian Therapeutics (RNAC) to $40 from $45 and keeps a Buy rating on the shares. The firm adjusted operating expense forecasts and rolled its model forward. It expects positive Phase 3 myasthenia gravis data, citing the “impressive” Phase 2 results.

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