CytRx Reports 2015 Financial Results

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Go back to CytRx Reports 2015 Financial Results

Jefferies Cuts Price Target on CytRx (CYTR) Following 4Q Results

March 14, 2016 8:47 AM EDT

Jefferies maintained a Hold rating on CytRx Corp (NASDAQ: CYTR), and cut the price target to $2.50 (from $3.00), following the company's 4Q earnings report. CYTR reported a 2015 net-loss of ($58.6M) versus estimates of (~$50M), an EPS of ($0.97) versus estimates of ($0.78), and cash of $22.3M.... More