tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Inventiva price target lowered to $17 from $20 at Stifel

Stifel lowered the firm’s price target on Inventiva (IVA) to $17 from $20 and keeps a Buy rating on the shares. The company removed its “biggest stock overhang” through an equity financing of up to EUR 348M in three tranches, the first of which was closed in October, the analyst tells investors. The firm, which notes cash is sufficient until Q2 of 2025 with access to future conditional tranches, reduced it price target to account for dilution.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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

Disclaimer & DisclosureReport an Issue

1