I-Mab price target lowered to $8 from $18 at H.C. Wainwright

H.C. Wainwright lowered the firm’s price target on I-Mab to $8 from $18 and keeps a Buy rating on the shares. The analyst says the recent divestment of I-MAB’s China operations can further streamline investor engagement, refocusing attention on the fundamental promise of each pipeline asset and away from prior headwinds such as geopolitical risk or the threat of delisting.