H.C. Wainwright analyst Raghuram Selvaraju lowered the firm’s price target on Axsome Therapeutics to $200 from $210 and keeps a Buy rating on the shares. The company’s transition to a third-party logistics model this year will have some impact on revenue growth in Q1, the analyst tells investors in a research note. The firm continues to expect Axsome to potentially achieve cash flow break-even and sustainable profitability in 2024.
Published first on TheFly
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