D. Boral Capital upgrades Can-Fite BioPharma stock rating on oncology pipeline progress
D. Boral Capital upgraded Can-Fite BioPharma (CANF) to Buy from Hold, setting a price target of $7.00 due to progress in its oncology pipeline, specifically the advancement of Namodenoson into a Phase 2b pancreatic cancer study. The previous downgrade was attributed to a reverse stock split, not clinical deterioration. Can-Fite recently reported a net loss for 2025 but announced positive Phase 2a results for namodenoson in pancreatic cancer and received an Israeli patent for A3 adenosine receptor agonists for obesity.