Market Overview

UPDATE: Credit Suisse Initiates Infinity Pharmaceuticals at Outperform on Risk/Reward

Share:
Related INFI
15 Biggest Mid-Day Gainers For Monday
20 Stocks Moving In Monday's Pre-Market Session
Premarket Gainers / Losers as of 9:10 am (Seeking Alpha)

Credit Suisse initiated coverage on Infinity Pharmaceuticals, Inc. (NASDAQ: INFI) with a Outperform rating and a $42.00 price target.

Credit Suisse commented, "We believe that the next steps in the development of IPI-145 are lower risk than typical for a drug at its stage, and expect IPI-145 to emerge as a best-in-class PI3K inhibitor. We also view the target markets as able to support several multibillion dollar drugs, and expect that IPI-145 could capture a meaningful share. While higher risk, earlier stage, and less investible than its larger pier PCYC, we believe that risk/reward for INFI remains favorable."

Infinity Pharmaceuticals closed at $32.93 on Monday.

Latest Ratings for INFI

DateFirmActionFromTo
Jun 2016William BlairDowngradesOutperformMarket Perform
Jun 2016JefferiesDowngradesBuyHold
Jun 2016Morgan StanleyDowngradesOverweightEqual-Weight

View More Analyst Ratings for INFI
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (INFI)

View Comments and Join the Discussion!