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Fly News Breaks for May 29, 2019
CARA
May 29, 2019 | 11:18 EDT
Jefferies analyst Chris Howerton raised his price target for Cara Therapeutics to $34 from $25 saying he views the KALM-1 results as "very positive." The efficacy is a "home run" scenario, and there was no surprise in the adverse events profile, Howerton tells investors in a research note. The analyst now has increased confidence on Cara's entire pipeline. He keeps a Buy rating on the shares. Cara Therapeutics in late morning trading is up 11%, or $2.00, to $19.98.
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