Oppenheimer has decided to maintain its Outperform rating of Ascendis Pharma ASND and lower its price target from $154.00 to $144.00.
Shares of Ascendis Pharma are trading up 8.7% over the last 24 hours, at $103.42 per share.
A move to $144.00 would account for a 39.24% increase from the current share price.
About Ascendis Pharma
Ascendis Pharma A/S is a biopharmaceutical company. It develops prodrug therapies with profiles to address large markets with significant unmet medical needs with its Transcon technology. The firm's product pipeline includes Transcon growth hormone, Transconpeptides, Transcon PTH, Transcon CNP, and others. It operates mainly in North America, Germany, China, and Denmark and derives the majority of its revenue from China.
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