Craig-Hallum lowered the firm’s price target on scPharmaceuticals (SCPH) to $12 from $16 and keeps a Buy rating on the shares. The firm notes the company’s Q3 report is likely to leave investors unsatisfied. Craig-Hallum believes that it is important for investors to understand that scPharmaceuticals is now seeing more demand from IDNs/hospital systems, and this volume and revenue is not reflected in the script data provided.
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>>
Read More on SCPH: