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Fly News Breaks for March 4, 2020
VVUS
Mar 4, 2020 | 08:45 EDT
Wells Fargo analyst Jim Birchenough lowered the firm's price target on VIVUS to $1.75 from $10 and keeps an Equal Weight rating on the shares. The analyst cited limited visibility of QSYMIA profitability and focus on PANCREAZE NPV following review of Q4 results and 2020 outlook. With significant debt coming due, limited cash, and short runway to restructure debt, the company, or both, he expects shares to remain depressed and would remain on the sidelines.
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