Ladenburg Thalmann Cuts Targacept (TRGT) to Neutral

Ladenburg Thalmann's Juan Sanchez downgraded shares of Targacept (NASDAQ: TRGT) from Buy to Neutral in an intraday research note Tuesday. The analyst slashed his price target on the stock from $30 to $7.50.

Investors in the stock are responding to news of a missed primary endpoint of a RENAISSANCE Phase 3 trial.

For an analyst ratings summary and ratings history on Targacept click here. For more ratings news on Targacept click here.

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