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Sage Therapeutics price target lowered to $14 from $25 at H.C. Wainwright

H.C. Wainwright analyst Douglas Tsao lowered the firm’s price target on Sage Therapeutics (SAGE) to $14 from $25 and keeps a Neutral rating on the shares. The firm is encouraged to see the progress that Sage have made with the launch of Zurzuvae. It cites the company’s narrowing of the pipeline focus for the target cut.

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