Jun. 30 at 10:18 PM
$EVMN Morgan Stanley lowered Evommune’s price target to
$26 from
$55, while maintaining an Overweight rating.
HC Wainwright downgraded the stock to Neutral from Buy following a clinical trial failure.
Analysts noted that the investment thesis is now weakened, as the stock is no longer supported by two previously credible mid-stage mechanisms, significantly reducing visibility on the pipeline.