Cerulean Reports Third Quarter 2015 Corporate Highlights and Financial Results

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Go back to Cerulean Reports Third Quarter 2015 Corporate Highlights and Financial Results

Wedbush Reiterated an Outperform on Cerulean Pharma (CERU) Following 3Q

November 17, 2015 1:18 PM EST

Wedbush reiterated an Outperform rating on Cerulean Pharma (NASDAQ: CERU), and cut the price target to $9.00 (from $16.00), following the company's 3Q earnings report. CERU reported a net loss of $10.6M ($0.39/share), slightly above consensus of ($0.41).

Analyst David Nierengarten commented, "CERU reported a net... More