Truist analyst Asthika Goonewardene lowered the firm’s price target on Mersana Therapeutics (MRSN) to $36 from $250 and keeps a Buy rating on the shares after having updated the firm’s model to account for the company’s 1-for-25 reverse stock split and Q2 update. The firm remains optimistic that with new side-effect management protocols, Emi-Le can get better exposure and responses at the higher dose, the analyst tells investors in a research note.
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