On Oct 01, major Wall Street analysts update their ratings for $Prothena (PRTA.US)$, with price targets ranging from $24 to $84.
BofA Securities analyst Tazeen Ahmad maintains with a hold rating, and adjusts the target price from $38 to $31.
Oppenheimer analyst Jay Olson maintains with a buy rating, and maintains the target price at $62.
RBC Capital analyst Kennen MacKay downgrades to a hold rating, and adjusts the target price from $52 to $24.
Cantor Fitzgerald analyst Charles Duncan maintains with a buy rating.
H.C. Wainwright analyst Andrew Fein maintains with a buy rating, and maintains the target price at $84.
Furthermore, according to the comprehensive report, the opinions of $Prothena (PRTA.US)$'s main analysts recently are as follows:
The departure of Prothena's CMO late last Friday has led to a reassessment of the company's prospects, particularly concerning the prasinezumab program. While there is currently no indication of research misconduct in connection with prasinezumab, a higher risk adjustment is now being factored into its valuation by analysts. Nevertheless, the primary elements underpinning Prothena's valuation remain its Alzheimer's disease program and the AL amyloidosis program.
Here are the latest investment ratings and price targets for $Prothena (PRTA.US)$ from 5 analysts:
Note:
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