Chimerix Inc CMRX 3.58% shares were crushed on Monday, as the stock fell more than 80 percent following news that its brincidofovir SUPPRESS study fell short of endpoint expectations in the prevention of cytomegalovirus (CMV) infection.

After the big fall, is it time to stick a fork in Chimerix, or has the panic selloff created a value opportunity? Here’s what three top Wall Street firms have to say about Chimerix now.

Barclays

Analyst Geoff Meacham believes it’s “premature to write off brincidofovir just yet,” but the firm reduced its price target from $65 to $12 following the news.

Meacham will be looking for data on the adenovirus (AdV) approvability based on the AdVise study outcome and resumption of the solid organ transplant studies (SOT) within the next six months. The firm maintains an Outperform rating on the stock.

FBR & Co

Analyst Ed White pointed…

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