tiprankstipranks
Verastem price target lowered to $14 from $20 at Alliance Global Partners
The Fly

Verastem price target lowered to $14 from $20 at Alliance Global Partners

Alliance Global Partners lowered the firm’s price target on Verastem (VSTM) to $14 from $20 and keeps a Buy rating on the shares. In its updated sum-of-the-parts analysis, the firm values avutometinib for LGSOC at $13.25 per share, and attributes 75c per share in value for the company’s technology and cash net of debt.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App