tiprankstipranks
Trending News
More News >

Enanta price target lowered to $20 from $30 at Evercore ISI

Evercore ISI analyst Liisa Bayko lowered the firm’s price target on Enanta (ENTA) to $20 from $30 and keeps an Outperform rating on the shares. Topline results from the first-in-pediatrics Phase 2 study evaluating zelicapavir in hospitalized and non-hospitalized children aged 28 days to 36 months with respiratory syncytial virus was “a partially derisking event for the program,” but the “missing link is impact on symptoms” given that limited data were available from the study, the analyst tells investors. The firm is using a 40% probability of success and a $2B market opportunity to arrive at its price target adding that with “100% upside, the stock is undervalued.”

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue