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Tempest Therapeutics price target lowered to $16 from $47 at H.C. Wainwright

H.C. Wainwright analyst Joseph Pantginis lowered the firm’s price target on Tempest Therapeutics (TPST) to $16 from $47 and keeps a Buy rating on the shares following the Q4 report. The firm sees ongoing financing risk of the company to move amezalpat into a pivotal study.

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