Ironwood price target lowered to $12 from $14 at Wells Fargo

Wells Fargo analyst Mohit Bansal lowered the firm’s price target on Ironwood to $12 from $14 and keeps an Overweight rating on the shares. Linzess pricing pressure is negative, but strong volume growth underscores high demand, the analyst tells investors in a research note. Apra’s approval and commercial dynamics are progressing well, potentially making way for early 2026 launch, and interest in CNP-104 is increasing, the firm says.