Elutia price target lowered to $8 from $10 at Lake Street

Lake Street lowered the firm’s price target on Elutia (ELUT) to $8 from $10 and keeps a Buy rating on the shares. The firm thinks EluPro is “off to a remarkable start” and continues to believe a strategic exit materially above the company’s current value is “the most likely outcome,” though it reduced its price target on less value ascribed to SimpliDerm.