Mizuho analyst Uy Ear lowered the firm’s price target on Sage Therapeutics to $18 from $20 and keeps a Neutral rating on the shares. The company’s Q1 results were better than expected, but Mizuho is cautious about forecasting higher peak sales for Zurzuvae l before having better visibility on potential adoption, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SAGE:
- Sage Therapeutics reports Q1 EPS ($1.80), consensus ($1.65)
- Biotech Alert: Searches spiking for these stocks today
- SAGE Therapeutics Adjusts Inducement Equity Plan and Sets End Date
- Sage Therapeutics price target lowered to $19 from $34 at Scotiabank
- Sage Therapeutics price target lowered to $17 from $25 at Oppenheimer