Zacks Investment Research Downgrades Mesoblast Limited (MESO) to Hold
Mesoblast Limited (NASDAQ:MESO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “Mesoblast Limited is a global leader in developing innovative cell-based medicines. The Company has leveraged its proprietary technology platform, which is based on specialized cells known as mesenchymal lineage adult stem cells, to establish a broad portfolio of late-stage product candidates. Mesoblast’s allogeneic, ‘off-the-shelf’ cell product candidates target advanced stages of diseases with high, unmet medical needs including cardiovascular conditions, orthopedic disorders, immunologic and inflammatory disorders and oncologic/hematologic conditions. “
A number of other research analysts have also commented on MESO. BidaskClub lowered Mesoblast Limited from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Credit Suisse Group set a $11.00 price objective on Mesoblast Limited and gave the company a “hold” rating in a research report on Tuesday, July 18th. Maxim Group set a $14.00 price target on Mesoblast Limited and gave the company a “buy” rating in a research note on Wednesday, August 16th. Cantor Fitzgerald set a $20.00 price target on Mesoblast Limited and gave the company a “buy” rating in a research note on Wednesday, August 16th. Finally, Oppenheimer Holdings, Inc. assumed coverage on Mesoblast Limited in a research note on Thursday, August 31st. They issued an “outperform” rating and a $16.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $13.14.
Shares of Mesoblast Limited (MESO) opened at 5.20 on Wednesday. The company’s market cap is $441.71 million. Mesoblast Limited has a 1-year low of $4.07 and a 1-year high of $12.50. The stock has a 50 day moving average price of $5.98 and a 200-day moving average price of $7.62.
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Mesoblast Limited Company Profile
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