SenesTech target adjusted to $3.50 from $4 at H.C. Wainwright

H.C. Wainwright adjusted the firm’s price target on SenesTech to $3.50 from $4 and keeps a Buy rating on the shares. The adjusted target reflects the 1-for-12 reverse stock split, closing of a $5M public offering, and launch of the Evolve Soft Bait offering, the analyst tells investors in a research note. The firm believes the availability of the new financing should be supportive to sales and marketing effort for the Evolve offering, which it says is attracting interest from distributors and retailers.