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ACRS

Aclaris Therapeutics

$1.62

0.215 (15.36%)

20:13
10/22/19
10/22
20:13
10/22/19
20:13

Aclaris Therapeutics upgraded to Outperform from Market Perform at SVB Leerink

SVB Leerink analyst Pasha Sarraf upgraded Aclaris Therapeutics to Outperform from Market Perform with a $3.50 price target.

  • 28

    Oct

ACRS Aclaris Therapeutics
$1.62

0.215 (15.36%)

09/06/19
09/06/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Antero Resources (AR) downgraded to Neutral from Buy at Goldman Sachs with analyst Brian Singer saying the stock offers a less attractive relative valuation at 5.5-times his expected FY20 upstream pre-hedge EBITDA, which is largely in line with its other "gassy" peers. 2. Bank of America (BAC) downgraded to Market Perform from Outperform at Keefe Bruyette with analyst Brian Kleinhanzl saying that following the Federal Reserve's recent rate cut, the trade war escalated, which is now expected to lower economic growth. 3. Conagra Brands (CAG) downgraded to Neutral from Buy at Goldman Sachs with analyst Jason English saying consensus estimates for sales and earnings may be too high in the near term. 4. Aclaris Therapeutics (ACRS) downgraded to Market Perform from Outperform at JMP Securities with analyst Donald Ellis citing the company's announcement that it is reviewing strategic alternatives and laying off staff yesterday. 5. Entergy (ETR) downgraded to Equal Weight from Overweight at Morgan Stanley. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/11/19
WBLR
10/11/19
NO CHANGE
WBLR
Outperform
William Blair sees 'significant value disconnect' in Aclaris Therapeutics
William Blair analyst Tim Lugo maintains an Outperform rating on Aclaris Therapeutics after the company announced the divestiture of worldwide rights for Rhofade to EPI Health for up to $55M. The analyst says the deal value compares well with his previously estimated net present value for the Rhofade program of $65M. The divestiture is a first step in management extracting value from its commercial portfolio as the company has signaled additional partnerships and divestitures, Lugo tells investors in a research note. He continues to see a "significant value disconnect" with Aclaris shares trading at less than half of cash. The analyst sees "some promising early-stage assets, and near-term potential for strategic partnerships."
10/22/19
LEER
10/22/19
UPGRADE
Target $3.5
LEER
Outperform
Aclaris Therapeutics upgraded to Outperform from Market Perform at SVB Leerink
SVB Leerink analyst Pasha Sarraf upgraded Aclaris Therapeutics to Outperform from Market Perform with a $3.50 price target.
10/22/19
LEER
10/22/19
UPGRADE
Target $3.5
LEER
Outperform
Aclaris Therapeutics upgraded to Outperform at SVB Leerink
As previously reported, SVB Leerink analyst Pasha Sarraf upgraded Aclaris Therapeutics to Outperform from Market Perform with a price target of $3.50, up from $1.50. The analyst has been on the sidelines as management sorted their strategic options since the unfortunate failure of lead pipeline assets in immunodermatology and struggles with the commercial dermatology assets. "Unsurprisingly," Aclaris has now chosen to focus on early pipeline assets, with the company looking more like a scientific reverse merger into Confluence, the company Aclaris acquired in 2017, Sarraf notes. The analyst highlights immediate near-term catalysts for the company, including top line Phase 3 results for A-101 45% topical in common warts expected this quarter, completion of the SAD/MAD Phase 1 study for ATI-450 in early Q1 2020, a launch of a Phase 2 proof-of-concept trial for ATI-450 in rheumatoid arthritis with results expected by the end of 2020, and an IND and first in human study for ATI-1777 in atopic dermatitis.

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