Morgan Stanley analyst Vikram Purohit lowered the firm’s price target on Foghorn Therapeutics (FHTX) to $4 from $9 and keeps an Equal Weight rating on the shares. The firm is removing the FHD-286 AML estimates from its model and establishing a base case range defined by cash value per share and risk-adjusted success for SMARCA2 inhibitor FHD-909, the analyst tells investors in a research note.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FHTX:
- Foghorn Therapeutics price target lowered to $13 from $20 at H.C. Wainwright
- Foghorn Therapeutics price target lowered to $14 from $18 at Jefferies
- Foghorn Therapeutics Advances Precision Oncology Pipeline
- Foghorn to discontinue independent development of FHD-286 with decitabine in AML
- Foghorn Therapeutics (FHTX) Collaborates with Eli Lilly and Surpasses Q3 Expectations