B. Riley analyst Kalpit Patel lowered the firm’s price target on Corbus Pharmaceuticals (CRBP) to $28 from $40 and keeps a Buy rating on the shares. The firm cites higher discount rates and muted investor interest in early-stage assets for the price target decrease. B. Riley remains confident in the investment case for CRB-701, the analyst tells investors in a research note.
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Read More on CRBP:
- Corbus Pharmaceuticals price target lowered to $58 from $65 at RBC Capital
- Corbus Pharmaceuticals price target lowered to $56 from $60 at Oppenheimer
- Corbus Pharmaceuticals price target lowered to $40 from $50 at H.C. Wainwright
- Corbus Pharmaceuticals Advances Clinical Pipeline Amid Q1 Loss
- Corbus Pharmaceuticals Receives FDA Fast Track Designation
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