UPDATE: Mersana (MRSN) PT Lowered to $26 at Wedbush, Following Earnings

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February 26, 2021 2:39 PM EST
Get Alerts MRSN Hot Sheet
Price: $11.90 +0.08%

Rating Summary:
    7 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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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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