scPharmaceuticals price target lowered to $12 from $16 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on scPharmaceuticals (SCPH) to $12 from $16 and keeps a Buy rating on the shares. The firm notes the company’s Q3 report is likely to leave investors unsatisfied. Craig-Hallum believes that it is important for investors to understand that scPharmaceuticals is now seeing more demand from IDNs/hospital systems, and this volume and revenue is not reflected in the script data provided.