Baird has decided to maintain its Neutral rating of Reata Pharmaceuticals RETA and lower its price target from $37.00 to $27.00.
Shares of Reata Pharmaceuticals are trading down 8.1% over the last 24 hours, at $22.11 per share.
A move to $27.00 would account for a 22.12% increase from the current share price.
About Reata Pharmaceuticals
Reata Pharmaceuticals Inc is a clinical-stage biopharmaceutical company focused on identifying, developing, and commercializing therapeutics to address serious and life-threatening diseases by targeting molecular pathways. The company's product in the pipeline include bardoxolone methyl; Omaveloxolone and others.
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