Morgan Stanley Maintains Overweight Rating for Zentalis Pharma: Here's What You Need To Know

Morgan Stanley has decided to maintain its Overweight rating of Zentalis Pharma ZNTL and lower its price target from $55.00 to $38.00.

Shares of Zentalis Pharma are trading down 4.33% over the last 24 hours, at $11.94 per share.

A move to $38.00 would account for a 218.26% increase from the current share price.

About Zentalis Pharma

Zentalis Pharmaceuticals Inc is a clinical-stage biopharmaceutical company focused on discovering and developing small molecule therapeutics targeting fundamental biological pathways of cancers. It uses a drug discovery engine, which it refers to as Integrated Discovery Engine, to identify targets and develop small molecule new chemical entities, or NCEs, with properties that it believes could result in potentially differentiated product profiles. It has two lead product candidates under pipeline: ZN-c5, for the treatment of advanced estrogen receptor-positive, human epidermal growth factor receptor 2-negative, or ER+/HER2-, advanced or metastatic breast cancer; and ZN-c3, for the treatment of advanced solid tumors as monotherapy and ovarian cancer.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.