Outlook Therapeutics price target lowered to $3 from $30 at H.C. Wainwright

H.C. Wainwright analyst Douglas Tsao lowered the firm’s price target on Outlook Therapeutics (OTLK) to $3 from $30 and keeps a Buy rating on the shares. The firm updated the company’s model to give European Union and U.S. markets separate probabilities of success at 100% and 10%, respectively, due to the approval of ONS-5010 in the EU and the uncertainties in the U.S. approval.