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Turnstone Biologics downgraded to Neutral from Overweight at Piper Sandler

Turnstone Biologics downgraded to Neutral from Overweight at Piper Sandler

Piper Sandler analyst Joseph Catanzaro downgraded Turnstone Biologics (TSBX) to Neutral from Overweight with a price target of 40c, down from $3.75, after the company announced it is discontinuing all of its clinical studies evaluating TIDAL-01 and is exploring strategic alternatives. Piper removed all value for TIDAL-01 and downgraded the shares.

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