Evercore ISI Group Maintains Outperform on Erasca, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Josh Schimmer maintains an Outperform rating on Erasca (NASDAQ:ERAS) but lowers the price target from $20 to $11.
June 06, 2023 | 12:51 pm
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NEUTRAL IMPACT
Erasca's price target has been lowered from $20 to $11 by Evercore ISI Group, but the Outperform rating is maintained.
The news of Evercore ISI Group lowering Erasca's price target may have a neutral short-term impact on the stock price. While the reduced price target may cause some investors to reevaluate their positions, the maintained Outperform rating indicates that the analyst still believes in the company's potential for growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100