D. Boral Capital lowered the firm’s price target on Citius Pharmaceuticals (CTXR) to $6 from $9 and keeps a Buy rating on the shares. The firm cites dilution for the target cut after the company announced a registered direct offering totaling up to $15.8M in gross proceeds.
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Read More on CTXR:
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- Citius Pharmaceuticals Issues $1M Promissory Note to Pagoda
- Citius Pharmaceuticals downgraded to Hold from Buy at Maxim
