MESO - Analyst Bullish On Cell Therapy Player Mesoblast But Cuts Price Target | Benzinga
Wednesday, Mesoblast Ltd (NASDAQ: MESO) FY23 results, with revenues of $7.5 million for FY2023, compared to $10.2 million in FY2022, missing the consensus of $7.97 million.
The company reported narrower EPS loss of $(0.11), beating the consensus of $(0.57).
Citing solid Q4 earnings, Cantor Fitzgerald reiterates the Overweight rating but lowered the price target from $23 to $17
Earlier this month, the FDA issued a complete response letter to Mesoblast's resubmission for remestemcel-L for pediatric steroid-refractory acute graft versus host disease (SR-aGVHD), Full story available on Benzinga.com