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UPDATE: Ascendiant Capital Markets Initiates POZEN at Buy; Future Royalties Attractive

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Ascendiant Capital Markets initiated coverage on POZEN (NASDAQ: POZN) with a Buy rating and a $8.25 price target.

Ascendiant Capital Markets noted, "Pozen has a small number of employees (32), choosing instead to outsource much of its product development with strategic partners. The Company's strategy is to also out-license the manufacturing and sale of its products, for which it receives an upfront payment and a royalty percentage of total sales, avoiding the cost of maintaining a sales and marketing infrastructure. Hence, we believe that a growing stream of royalties could be highly leveraging to future net income and EPS."

POZEN closed at $6.43 on Monday.

Latest Ratings for POZN

DateFirmActionFromTo
Aug 2014Ascendiant CapitalUpgradesHoldBuy
Apr 2013JefferiesSuspendsHold
Nov 2012Ascendiant Capital MarketsUpgradesBuyStrong Buy

View More Analyst Ratings for POZN
View the Latest Analyst Ratings

Posted-In: Ascendiant Capital MarketsAnalyst Color Initiation Intraday Update Analyst Ratings

 

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