Canaccord Genuity Lowers PT and Estimates on Delcath Systems (DCTH) Following Recent Investor Meeting
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Price: $16.73 -3.63%
Rating Summary:
8 Buy, 2 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
8 Buy, 2 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Canaccord Genuity maintains a 'Buy' on Delcath Systems (NASDAQ: DCTH) price target of $5.00 (from $8.00).
Analyst, Jason R. Mills, said, "Delcath hosted an investor meeting in advance of the ASCO conference in Chicago. A solid panel of experts from the US and Europe highlighted the meeting. These physicians provided an interesting perspective about how CHEMOSAT fits in the oncology armamentarium. We reduce our forward estimates and price target to reflect dilution related to the recent equity offering and previously announced delay of the NDA filing (midAugust-E)."
For an analyst ratings summary and ratings history on Delcath Systems click here. For more ratings news on Delcath Systems click here.
Shares of Delcath Systems closed at $1.44 yesterday.
Analyst, Jason R. Mills, said, "Delcath hosted an investor meeting in advance of the ASCO conference in Chicago. A solid panel of experts from the US and Europe highlighted the meeting. These physicians provided an interesting perspective about how CHEMOSAT fits in the oncology armamentarium. We reduce our forward estimates and price target to reflect dilution related to the recent equity offering and previously announced delay of the NDA filing (midAugust-E)."
For an analyst ratings summary and ratings history on Delcath Systems click here. For more ratings news on Delcath Systems click here.
Shares of Delcath Systems closed at $1.44 yesterday.
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