H.C. Wainwright analyst Douglas Tsao lowered the firm’s price target on Trevena to $5 from $9 and keeps a Buy rating on the shares following the Q1 report. The firm likes the profile seen so far with TRV045, but given the uncertainties of an early stage asset and the company’s ability to properly develop it, the analyst dropped the price target.
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 TRVN:
- Trevena Inc. Under Fire: Unregistered Equity Sales Risk Legal Woes and Market Trust
- Trevena Reports First Quarter 2024 Results and Provides Business Update
- Trevena Reports Fourth Quarter 2023 Results and Provides Corporate Update
- Trevena reports Q4 EPS ($1.06) vs (73c) last year
- Trevena Inc Unveils Updated Corporate Strategy Presentation