J.P. Morgan Maintains Underweight on MannKind (MNKD)

J.P. Morgan is out with its report today on MannKind (NASDAQ: MNKD), maintaining Underweight.

In a note to clients, J.P. Morgan writes, "We maintain our UW on MNKD following the 1Q update post close. We remain surprised the company has maintained an ~$950M EV in the face of an increasingly tenuous financial position and questionable outlook for Afrezza."

At the time of posting, shares of MNKD were trading pre-market at $3.78, down 14.09% from Friday's close.