Barclays analyst Balaji Prasad lowered the firm’s price target on Coherus Biosciences to $13 from $15 and keeps an Overweight rating on the shares post the Q4 results. Udenyca declined as expected, with an auto-injector launch being the new element, the analyst tells investors in a research note. The firm sees the stock as undervalued, but notse that on-time launches and initial traction are critical.
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Published first on TheFly
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Read More on CHRS:
- Coherus Biosciences price target lowered to $26 from $30 at H.C. Wainwright
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