Oppenheimer Cuts Target on Derma Sciences (DSCI) to $19
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Rating Summary:
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Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
1 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Oppenheimer lowered its price target on Derma Sciences (NASDAQ: DSCI) from $21 to $19 following the dilutive capital raise, but kept its Outperform rating.
"We continue to expect DSCI to begin enrollment in a Phase III study of DSC127 in 4Q12 and expect data read-out by YE2014. Importantly, owing to the dilutive nature of this financing," the analyst notes.
For an analyst ratings summary and ratings history on Derma Sciences click here. For more ratings news on Derma Sciences click here.
Shares of Derma Sciences closed at $9.62 yesterday.
"We continue to expect DSCI to begin enrollment in a Phase III study of DSC127 in 4Q12 and expect data read-out by YE2014. Importantly, owing to the dilutive nature of this financing," the analyst notes.
For an analyst ratings summary and ratings history on Derma Sciences click here. For more ratings news on Derma Sciences click here.
Shares of Derma Sciences closed at $9.62 yesterday.
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