Jounce Therapeutics (JNCE) Has Been Downgraded Today by Wells Fargo to a “Market Perform”

May 17, 2018 - By Mona Holcomb

Jounce Therapeutics (JNCE) Receives a Downgrade

The Equity Rating of Jounce Therapeutics (JNCE) rating was decreased by equity research analysts at Wells Fargo from the previous “Outperform” rating to a “Market Perform” rating in an analyst report sent to investors on 17 May.

Jounce Therapeutics, Inc. (NASDAQ:JNCE) Ratings Coverage

Among 2 analysts covering Jounce Therapeutics Inc (JNCE), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Jounce Therapeutics Inc has $35.0 highest and $33 lowest target. $34’s average target is 196.94% above currents $11.45 stock price. Jounce Therapeutics Inc had 2 analyst reports since March 8, 2018 according to SRatingsIntel. The stock of Jounce Therapeutics, Inc. (NASDAQ:JNCE) earned “Buy” rating by Robert W. Baird on Thursday, March 8.

The stock decreased 35.20% or $6.22 during the last trading session, reaching $11.45. About 6.87 million shares traded or 1705.63% up from the average. Jounce Therapeutics, Inc. (JNCE) has declined 9.84% since May 17, 2017 and is downtrending. It has underperformed by 21.39% the S&P500.

Analysts await Jounce Therapeutics, Inc. (NASDAQ:JNCE) to report earnings on August, 8. They expect $-0.38 EPS, down 245.45 % or $0.27 from last year’s $-0.11 per share. After $-0.40 actual EPS reported by Jounce Therapeutics, Inc. for the previous quarter, Wall Street now forecasts -5.00 % EPS growth.

Jounce Therapeutics, Inc., a clinical stage immunotherapy company, focuses on developing therapies that enable the immune system to attack tumors. The company has market cap of $371.94 million. The Company’s lead product candidate, JTX-2011, is a clinical stage monoclonal antibody that binds to and activates ICOS, a protein on the surface of certain T cells commonly found in various solid tumors. It currently has negative earnings. The firm is also developing JTX-4014, an anti-PD-1 antibody.

More notable recent Jounce Therapeutics, Inc. (NASDAQ:JNCE) news were published by: Seekingalpha.com which released: “Premarket analyst action – healthcare” on May 17, 2018, also Streetinsider.com with their article: “Pre-Open Movers 05/17: (WWE) (LOXO) (NTES) Higher; (JNCE) (JCP) (ACXM) Lower (more…)” published on May 17, 2018, Streetinsider.com published: “Jounce Therapeutics (JNCE) option implied volatility elevated, to present data from ICONIC trial at ASCO” on May 17, 2018. More interesting news about Jounce Therapeutics, Inc. (NASDAQ:JNCE) were released by: Nasdaq.com and their article: “Jounce Therapeutics to Present Data from Ongoing ICONIC Trial of JTX-2011 at the 2018 American Society of Clinical …” published on May 16, 2018 as well as Nasdaq.com‘s news article titled: “Mid-Morning Market Update: Markets Edge Higher; Walmart Tops Q1 Views” with publication date: May 17, 2018.

Jounce Therapeutics, Inc. (NASDAQ:JNCE) Ratings Chart

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