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Fly News Breaks for August 8, 2019
PTE
Aug 8, 2019 | 10:47 EDT
Piper Jaffray analyst Tyler Van Buren said he is encouraged by several of the changes that PolarityTE's new management has made, but he needs to see sales start ramping in the next couple of quarters to have continued confidence in his long-term SkinTE sales projections of over $300M. Paid cases need to increase "significantly more" than 12% quarter-over-quarter and "both new and repeat users need to be going in the right direction, every quarter," said Van Buren. While awaiting the hoped for execution, he keeps an Overweight rating and $26 price target on PolarityTE shares.
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