Jefferies Initiates MannKind At Buy, Shares Rise

Analysts at Jefferies initiated coverage on MannKind

with a Buy rating. The target price for MannKind is set to $10. MannKind shares have jumped 23.99% over the past 52 weeks, while the S&P 500 index has gained 22.66% in the same period. MannKind's shares climbed 3.54% to $7.60 in pre-market trading.