Janney Capital Initiates Cempra At Buy

Analysts at Janney Capital initiated coverage on Cempra, Inc. CEMP with a Buy rating. The target price for Cempra is set to $35. Cempra shares have gained 99.61% over the past 52 weeks, while the S&P 500 index has surged 12.47% in the same period. Cempra's shares fell 0.66% to $25.40 in after-hours trading.