Dawson James Downgrades Check-Cap (CHEK) to Neutral

Dawson James analyst Jason Kolbert downgraded Check-Cap (NASDAQ: CHEK) from Buy to Neutral.

The analyst commented, "Check-Cap’s stock price has exceeded our price target of $2.00, so we must either raise our valuation or lower our rating. We see no good reason to raise our valuation at this time as the U.S. Pivotal study has not yet begun. We additionally expect that the company is likely to raise capital prior to C-Scan completing the pivotal program."

For an analyst ratings summary and ratings history on Check-Cap click here. For more ratings news on Check-Cap click here.

Shares of Check-Cap closed at $2.39 yesterday.

You May Also Be Interested In

• UPDATE: Wolfe Research Maintains Occidental Petroleum (OXY) at Peer Perform (correction)
• The Restaurant Group (RTN:LN) PT Raised to GBP1.70 at Jefferies
• Nan Ya Plastics Corp. (1303:TT) PT Raised to NT$96.60 at Nomura/Instinet