UPDATE: Dawson James Initiates Galena Biopharma at Market Outperform
Dawson James initiated coverage on Galena Biopharma (NASDAQ: GALE) with a Buy rating and a $3 price target.
Dawson James commented, "We believe investors have yet to fully appreciate NeuVax's clinical potential and chance of success in the Phase III PRESENT study currently underway. After assessing the NeuVax Phase II data on hand and speaking with Company management, we believe Galena has managed to implement several key insights gained from prior trials into in the Phase III PRESENT study, ignificantly improving its likelihood of success."
Galena Biopharma closed at $1.68 on Monday.
Latest Ratings for GALE
|Sep 2015||Raymond James||Initiates Coverage on||Outperform|
|Nov 2014||MLV & Co.||Reiterates||Buy|
|Nov 2014||Cantor Fitzgerald||Maintains||Sell|
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