Erasca price target raised to $6 from $5 at H.C. Wainwright

H.C. Wainwright raised the firm’s price target on Erasca to $6 from $5 and keeps a Buy rating on the shares. The firm updated expense assumptions with the start of the SEACRAFT-2 study and the recent in-licensing of both ERAS-0015and ERAS-4001.