UPDATE: Leerink Says Tekmira Is 'Uniquely Positioned'
Tekmira Pharmaceuticals (NASDAQ: TKMR) shares are trading seven percent higher Monday after Leerink revealed a $25 price target and Outperform rating.
The company has significant opportunity beyond Ebola with its RNAi product and pipeline, according to the research report. These factors make Tekmira “uniquely positioned.”
TKM-HBV, Tekmira’s hepatitis B drug has the potential to be a major growth catalyst says analyst Michael Schmidt. An investigational new drug application is expected to be filed in the second half of 2015.
Related Link: Deutsche Bank Raises Achillion Price Target 138%
Tekmira shares are up 106 percent over the past month; the company is one of few names mentioned in the recent Ebola outbreak. Shares fell 50 percent from peak to trough last week, but today’s rally is fueling a recovery.
The issue was last trading hands at $19.30, a 6.75 percent gain.
Latest Ratings for TKMR
Date | Firm | Action | From | To |
---|---|---|---|---|
Jun 2015 | Maxim Group | Downgrades | Buy | Hold |
Jun 2015 | Maxim Group | Downgrades | Hold | |
Nov 2014 | Stifel | Maintains | Buy |
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Posted-In: Ebola Leerink Michael SchmidtAnalyst Color Price Target Initiation Analyst Ratings