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Credit Suisse Downgrades Macrocure Ltd (MCUR) to Underperform

July 18, 2016 6:31 AM EDT
Get Alerts MCUR Hot Sheet
Price: $1.51 --0%

Rating Summary:
    0 Buy, 3 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Credit Suisse downgraded Macrocure Ltd (NASDAQ: MCUR) from Neutral to Underperform with a price target of $1.00 following recent share strength.

Analyst Matthew Keeler commented, "We're downgrading MCUR to Underperform from Neutral. Our $1 price target is unchanged, as is our outlook for MCUR's pipeline, but given the recent move up in shares we now see downside risk relative to MCUR's current cash position."

For an analyst ratings summary and ratings history on Macrocure Ltd click here. For more ratings news on Macrocure Ltd click here.

Shares of Macrocure Ltd closed at $1.58 yesterday.



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