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Home»Finance»Scilex downgraded to Hold from Buy at D. Boral Capital
Finance

Scilex downgraded to Hold from Buy at D. Boral Capital

April 12, 2025No Comments1 Min Read
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D. Boral Capital analyst Jason Kolbert downgraded Scilex (SCLX) to Maintain from Purchase after the corporate introduced a 1-for-35 reverse inventory cut up, efficient April 15. Whereas the agency acknowledges the reverse cut up as a mandatory step to take care of the corporate’s Nasdaq itemizing, it’s shifting to the sidelines pending larger readability on the corporate’s subsequent steps and says it’ll “revisit our stance as soon as the cut up is carried out and implications for valuation and capital construction turn into extra clear.”

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Boral Buy capital Downgraded hold Scilex
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