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KALA - H.C. Wainwright analyst lowers Kala Pharmaceuticals' price target
Kala Pharmaceuticals Inc.
Kala Pharmaceuticals (KALA) lost ~20% of its value after H.C. Wainwright Analyst Yi Chen lowered the company's price target to $4 from $5. The analyst maintained a Buy rating on the shares. The move comes after KALA entered into a definitive pact to sell its commercial portfolio and related intellectual property assets to Alcon.