Barclays analyst Peter Lawson lowered the firm’s price target on SpringsWorks Therapeutics to $41 from $55 and keeps an Overweight rating on the shares. The company is trading close to the downside case at 2.4-times cash, the analyst tells investors in a research note. The firm says SpringsWorks’ cash runway goes into 2026 and it has a "solid catalyst path." Out of an "abundance of caution," it removed the nirogacestat plus BCMA combos from the model.
Published first on TheFly
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