UPDATE: Mersana (MRSN) PT Lowered to $26 at Wedbush, Following Earnings
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Price: $16.65 -3.59%
Rating Summary:
7 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 17 | Down: 13 | New: 41
Rating Summary:
7 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 17 | Down: 13 | New: 41
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(Updated - February 26, 2021 2:42 PM EST)
(Updated to add analyst comment)
Wedbush analyst David Nierengarten lowered the price target on Mersana (NASDAQ: MRSN) to $26.00 (from $27.00) while maintaining a Outperform rating.
Analyst says: "Our sum-of-parts PT is based on an 8× multiple to projected ww sales of XMT-1536 in 2026 in NaPi2b-high expressing epithelial ovarian cancer and non-small cell lung cancer (NSCLC) (discounted back by 25% annually in ovarian and 40% in NSCLC) and an 8× multiple to projected ww sales of XMT- 1592 in 2028 in NSCLC (discounted back by 40% annually)."
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