BTIG upgraded Exact Sciences (NASDAQ:EXAS) to “buy” from “neutral” with a price target of $60, citing an approximate 35% drop in the stock price since November, which it said offers an “attractive entry point.” The...
Roth Capital Partners initiated coverage of Allena Pharmaceuticals (NASDAQ: ALNA) with a “buy” rating and a $61 price target. The stock closed at $11.02 on March 29. Allena is focused on the treatment of enteric...
CIBC World Markets downgraded Prometic Life Sciences (TSX:PLI) to “underperformer” from “neutral” and slashed its price target to 60 cents from $2.15, citing balance sheet risks and a FDA delay of about one year in the...
Ladenburg Thalmann raised its price target for Flex Pharma (NASDAQ:FLKS) to $20 from $13 after the company announced that its lead asset, FLX-787, reduced the frequency of cramps/spasms in a 57-patient, placebo...
Stifel upgraded Aratana Therapeutics (NASDAQ:PETX) to “buy” from “hold” and raised its price target to $8 from $6, reflecting positive physician diligence on the company’s key products. The stock closed at $3.87 on...
Needham initiated coverage of Revance Therapeutics (NASDAQ:RVNC) with a “buy” rating and $42 price target. The stock closed at $30.60 on March 26. Revance is involved in the development of novel and differentiated...
Stifel downgraded Protagonist Therapeutics (NASDAQ:PTGX) to “hold” from “buy” and slashed its price target to $11 from $32 after the company discontinued its Phase 2b PROPEL study of PTG-100 in patients with moderate-to...
Roth Capital Partners downgraded NovaBay Pharmaceuticals (NYSE American:NBY) to “neutral” from “buy” and lowered its price target to $4 from $5, pending renewed prescription growth for the eyelid hygiene treatment...
Paradigm Capital raised its price target for Profound Medical (TSXV:PRN) to $3 from $2.25 after the company completed an upsized equity financing of $34.5-million. The stock closed at $1.05 on March 20. “We see this...
Profound Medical (TSXV:PRN) closed a previously announced bought deal financing for gross proceeds of $34.5-million, including the exercise of the underwriters’ over-allotment option. Net proceeds are expected to be...