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Stock impact report

Elevation Oncology downgraded as it halts lead asset on disappointing trials [Yahoo! Finance]

Piper Sandler Companies (PIPR) 
Last piper sandler companies earnings: 5/1 08:04 am Check Earnings Report
Company Research Source: Yahoo! Finance
Analysts now see limited near-term catalysts, with Elevation pivoting to its HER3-targeted ADC, EO-1022, which is still in preclinical development. Piper Sandler downgraded Elevation to “Neutral” from “Overweight” and slashed its price target to $0.70 from prior levels, citing the company's decision to halt EO-3021's development and focus on EO-1022. While EO-3021 demonstrated differentiated safety, its 22% ORR in monotherapy dose escalation was not enough to justify further development, according to Piper . The firm's new price target reflects projected cash on hand at year-end 2025, with limited upside potential until EO-1022 progresses further. Citizens also moved its rating to “Market Perform” from “Market Outperform,” citing the lack o Read more
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