Erasca shares are trading lower after the company announced it would not continue exploring ERAS-007 programs. Also, multiple firms lowered their respective price targets.
Portfolio Pulse from Benzinga Newsdesk
Erasca's stock is trading lower after the company decided to discontinue its ERAS-007 programs, leading multiple firms to lower their price targets.
June 06, 2023 | 7:33 pm
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NEGATIVE IMPACT
Erasca shares are negatively impacted by the discontinuation of ERAS-007 programs and lowered price targets from multiple firms.
Erasca's decision to discontinue its ERAS-007 programs has led to a negative market reaction, with multiple firms lowering their price targets for the stock. This directly impacts the stock price and investor sentiment, resulting in a short-term negative impact on the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100