UPDATE: Cantor Fitzgerald Initiates Hold, $15 PT on ImmunoGen; In Need of Additional Catalyst
Cantor Fitzgerald initiates its rating on ImmunoGen (NASDAQ: IMGN) with a Hold rating and a price target of $15.
Cantor Fitzgerald comments, "ImmunoGen is approaching commercial revenue via a partnership with Roche, and this is a solid positive for the stock. However, much of the good news is in the valuation and another catalyst is needed for greater appreciation, in our view."
IMGN closed at $15 on Wednesday.
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