Achaogen (AKAO) Misses Q3 EPS by 2c

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Mizuho Securities Downgrades Achaogen (AKAO) to Neutral

November 9, 2018 5:33 AM EST

Mizuho Securities analyst Difei Yang downgraded Achaogen (NASDAQ: AKAO) from Buy to Neutral with a price target of $3.00 (from $8.00).

The analyst comments "Achaogen faces significant liquidity issues with a cash runway into the middle of 1Q19 per management on yesterday morning's 3Q18... More