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Stock impact report

Price Targets Lowered on Corcept Therapeutics (CORT) After FDA Letter [Yahoo! Finance]

Corcept Therapeutics Incorporated (CORT) 
Last corcept therapeutics incorporated earnings: 2/20 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: corcept.com/investors
Company Research Source: Yahoo! Finance
2, Canaccord Genuity cut its price target on Corcept Therapeutics Incorporated (NASDAQ:CORT) from $140 to $99 but kept its Buy rating on the stock. This adjustment comes after the company reported that the FDA issued a Complete Response Letter regarding the New Drug Application for relacorilant as a treatment for patients with hypertension secondary to hypercortisolism. Despite this, Canaccord Genuity pointed out that Corcept Therapeutics Incorporated's (NASDAQ:CORT) Korlym business continues to perform well. The research firm noted that it does not expect genetics to make further inroads in this market segment. Canaccord Genuity sees the recent sell-off in Corcept Therapeutics Incorporated (NASDAQ:CORT) shares after the FDA decision as a buying opportunity for investors, pointing to continued growth prospects for Korlym and its authorized generic version. On January 2, H.C. Wainwright also lowered its price target on Corcept Therapeutics Incorporated (NASDAQ:CORT) from $145 to $9 Show less Read more
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