Oppenheimer Initiates Coverage on Curis with an Outperform Rating - Curis (NASDAQ:CRIS)

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According to Oppenheimer, Curis (NASDAQ: CRIS) coverage is initiated with an Outperform rating.Oppenheimer said that it is initiating coverage of Curis Inc. with an Outperform rating and $6/share price target. “Our target price of $6/share is based on an NPV analysis of vismodegib in BCC and Gorlin syndrome, and we believe that a considerable upside remains outside of these indications and in the remainder of Curis's pipeline.”Curis closed yesterday at $3.56.

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