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Fly News Breaks for September 13, 2019
TOCA
Sep 13, 2019 | 05:10 EDT
Citi analyst Mohit Bansal downgraded Mohit Bansal to Neutral from Buy and cut his price target for the shares to $1 from $20. The failure of TOCA 5 could make investors question Tocagen's platform and future given that most of its pipeline relies on the same technology, Bansal tells investors in a research note. With management conducting a business review to chart out the future direction for the company, the analyst moves to the sidelines pending more clarity on a future direction.
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