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Roth Capital analyst Boobalan Pachaiyappan lowered the price target on Cingulate (CING) to $16 from $17 and maintained a Buy rating. The firm is adjusting its model as Cingulate may choose to raise capital during the next 6 to 12 months. The company is increasing pre-commercialization efforts for CTx-1301 through its Indegene partnership.

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