Evofem Biosciences (EVFM) Announces $10M Registered Direct Preferred Stock Offering

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Morgan Stanley Downgrades Evofem Biosciences Inc (EVFM) to Underweight

October 14, 2021 4:51 AM EDT

Morgan Stanley analyst Jeffrey Hung downgraded Evofem Biosciences Inc (NASDAQ: EVFM) from Equalweight to Underweight with a price target of $0.80 (from $1.00).

THe analyst comments "For Evofem, we are below on Phexxi ($2.8M vs. consensus $3.5M). Recall that managementnoted at the MS... More