Mizuho raised the firm’s price target on Verastem (VSTM) to $9 from $7 and keeps an Outperform rating on the shares. The firm updateed its model to reflect the prospects of Verastem’s lead asset avutometinib plus defactinib in low grade serous ovarian cancer. The next data catalyst is coming soon, the analyst tells investors in a research note.
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Read More on VSTM:
- Verastem announces preliminary avutometinib and sotorasib data
- Verastem Inc. Reports Increased Operating Expenses and Net Loss
- Verastem price target lowered to $14 from $20 at Alliance Global Partners
- Verastem cuts FY24 EPS view to $4.17-$4.23 from $4.25-$4.35, consensus $4.28
- Verastem reports Q3 EPS (60c), consensus (74c)