Shares of CinCor Pharma (NASDAQ:CINC) fell more than 14% in today’s trading session. This can be attributed to an analyst downgrade from Oppenheimer. Analyst Jay Olsen changed his rating from Buy to Hold while removing his price target altogether.
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This comes after the company failed its phase 2 trial for its antihypertensive agent Baxdrostat.
Overall, Wall Street analysts have a consensus price target of $41.25 on CINC stock, implying 236.19% upside potential, as indicated by the graphic above.