RBC lowers Verve Therapeutics' price target to $20 from $25, retains "outperform" rating.

Royal Bank of Canada (RBC) cut Verve Therapeutics' (NASDAQ:VERV) price target from $25.00 to $20.00, retaining an "outperform" rating. HC Wainwright also reiterated a "buy" rating and set a $15.00 target price. Despite negative net margin and return on equity, Verve Therapeutics, a clinical-stage genetic medicines firm, is developing gene editing treatments for cardiovascular diseases.

August 11, 2024
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