Inventiva price target lowered to $14 from $22 at H.C. Wainwright

H.C. Wainwright analyst Ed Arce lowered the firm’s price target on Inventiva to $14 from $22 and keeps a Buy rating on the shares post the first half results. Inventiva “now faces a substantial financial overhang,” with its current cash reserves extending only until mid-October, the analyst tells investors in a research note. The firm cites elevated financial and execution risks for the target cut.