Cassava Sciences price target lowered to $11 from $12 at Univest Securities
The Fly

Cassava Sciences price target lowered to $11 from $12 at Univest Securities

Univest Securities analyst James Jang lowered the firm’s price target on Cassava Sciences to $11 from $12 and keeps a Sell rating on the shares after the company raised $50M of "dilutive" equity at $30 per share. He sees Cassava releasing open-label trial data by the end of the year as the next material news expected from the company.

Published first on TheFly

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