Canaccord maintains its Buy rating on Inhibitex, Inc. INHX and raises its price target to $22 as INX-189/ribavirin synergy supports nuc potency.
Cannaccord says, “Informed by solid combo 7-day treatment data, our outlook on lead HCV nuc prodrug INX-189 has vastly improved. Multiple catalysts should drive stock momentum into 2012. We maintain our BUY and increase our price target to $22 from $15.”
INHX closed at $13.70 per share on Tuesday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in