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TOCA

Tocagen

$0.85

-3.305 (-79.54%)

11:23
09/12/19
09/12
11:23
09/12/19
11:23

Tocagen downgraded to In Line from Outperform at Evercore ISI

  • 12

    Sep

TOCA Tocagen
$0.85

-3.305 (-79.54%)

09/12/19
BARD
09/12/19
DOWNGRADE
BARD
Neutral
Tocagen downgraded to Neutral from Outperform at Baird
09/12/19
CANT
09/12/19
DOWNGRADE
Target $1
CANT
Neutral
Tocagen downgraded to Neutral from Overweight at Cantor Fitzgerald
Cantor Fitzgerald analyst Elemer Piros downgraded Tocagen to Neutral from Overweight and slashed his price target on the shares to $1 from $28 after the company announced that its Phase 3 trial evaluating Toca 511 & Toca FC in patients with recurrent high grade glioma, or HGG, undergoing resection missed the primary endpoint.
09/12/19
HCWC
09/12/19
DOWNGRADE
HCWC
Neutral
Tocagen downgraded to Neutral from Buy at H.C. Wainwright
09/12/19
HCWC
09/12/19
DOWNGRADE
HCWC
Neutral
H.C. Wainwright downgrades Tocagen with no target after 'major setback'
H.C. Wainwright analyst Swayampakula Ramakanth downgraded Tocagen to Neutral from Buy without a price target after the company said the Phase 3 pivotal Toca 5 study for the treatment of recurrent high-grade gliomas missed the primary endpoint of overall survival. Furthermore, all secondary endpoints, including durable response rate, durable clinical benefit rate, duration of response, and overall survival at 12 months, showed no meaningful difference between the different treatment arms of the study, Ramakanth tells investors in a research note. The analyst views the results as a "major setback" for Tocagen. He now sees "increasing uncertainty" regarding the company's other programs and is not comfortable giving the stock a price target due to the "limited visibility" of Tocagen's pipeline development strategy going forward. The stock in morning trading is down 79%, or $3.32, to 86c.

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GS

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GS

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