H.C. Wainwright lowered the firm’s price target on Prothena (PRTA) to $48 from $84 and keeps a Buy rating on the shares after the Phase 2b PADOVA study results conducted by Roche narrowly missed the statistical significance in the primary endpoint of time to confirmed motor progression.
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Read More on PRTA:
- RBC sees justification for Prothena rebound after study miss
- Prothena price target lowered to $22 from $26 at BofA
- Prothena price target lowered to $58 from $62 at Oppenheimer
- Capricor, Gilead, Kymera, Praxis among Oppenheimer’s top biotech picks for 2025
- Prothena partner Roche PADOVA study misses primary endpoint
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