Idorsia price target lowered to CHF 12 from CHF 30 at H.C. Wainwright

H.C. Wainwright lowered the firm’s price target on Idorsia to CHF 12 from CHF 30 and keeps a Buy rating on the shares. An operating expense reduction is planned in the wake of the company’s slower than expected sales growth, the analyst tells investors in a research note.