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$ALT Q1 '25 Earnings Results & RecapPrice since post
$ALT Altimmune downgraded and new PT assigned followed concerning Q1 Earnings Call.
BioRich Capital has downgraded Altimmune to a "Strong Sell" and 1-year PT of $2.69.
Factors contributing to this target include:
1) Company History and Management Business Practices.
2) Concerns Regarding Company's Financial Position.
3) Company-related Data Integrity Concerns.
4) Discontinuation of Obesity Program.
5) Uncertainty related to pending and future data readouts.
6) Company's approach and engagement with the FDA.
7) Increased and improvement in competition.
8) Long periods of data drought ahead.
9) Current SP inflated.
10) Lack of trust in company (MAJOR RED FLAG).
After thorough technical analysis, a one-year PT of $2.69 appears relevant. As this represents an ~55% decline from today's opening SP, a "Strong Sell" rating has been applied.
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$XBI
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