Pharvaris price target lowered to $46 from $50 at JMP Securities

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https://www.tipranks.com/news/the-fly/cervomed-announces-rewind-lb-phase-2b-did-not-meet-primary-endpoint

JMP Securities analyst Jonathan Wolleben lowered the firm’s price target on Pharvaris (PHVS) to $46 from $50 and keeps an Outperform rating on the shares as part of a broader note on Biotechnology. The firm highlighted key upcoming catalysts for its coverage universe over the next 12 months, ahead of what is shaping up to be a “busy” 2025, and noted that it still has several events expected between now and the end of the year which could provide a reason for “cheer” this holiday season.

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